Acc Ultratech Cement

Investment holding companies rally after Sebi delisting framework

The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the holdcos will be delisted

Ambuja Cements and ACC stocks close much above the offer prices

The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.

Adani makes Rs 31K-cr open offer to buy 26% stake in ACC, Ambuja Cements

Adani group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. Markets regulator Sebi granted approval for the open offer last week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer, launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India, managers to the open offer, the tendering of shares opens from August 26 and will end on September 9, 2022. In May, the Adani Group had made an open offer at Rs 385 per share for Ambuj

ITC, HDFC Bank, and 62 other stocks face stiff resistance at 200-DMA

The 200-DMA is acting as a major hurdle for major stocks like ACC Ltd, Adani Ports, and Asian Paints, among others

Cement companies rush to eastern India to seize upon demand uptick

In the recent past, demand remained muted in north, central and western India at 3-5 per cent and volume growth declined by around five per cent in south India

Cement shares extend gain: Shree Cement, Birla Corp rally over 10% in 1 wk

After a period of meaningful underperformance/valuation de-rating in the second half of last year, analysts at JP Morgan see the case for a positive trade for the stocks over the next few months.

ACC, Ambuja, UltraTech look to differentiate brands, expand footprint

Cement brands sharpen their positioning strategies

Cement shares gain; Dalmia Bharat, OCL India, Shree Cement hit new high

OCL India, Dalmia Bharat, Sanghi Ind, HeidelbergCement India and Shree Cement were up over 3%

Cement shares gain as ACC March quarter volume growth beat Street forecast

ACC, India Cements and Orient Cement have rallied more than 5% on BSE.