Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
Cement maker ACC Ltd on Monday reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively
Company says its cost efficiency project 'Parvat' is on track and has helped in managing some continuing cost headwinds
ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21
All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E
Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.
The recent gap-up in the range of Rs 290 - Rs 282 levels remains the crucial breakout for the upside in Tata Motors
On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour
All that happened in the markets today
Improvement in per tonne profitability, despite sharp fall in volumes due to lockdown, may lead to earnings upgrade
The stock of ICICI Lombard GIC has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength
Despite the lockdown impacting volumes, lower costs drove earnings and beat expectations
A likely demand improvement, declining costs is keeping some analysts positive on ACC, but UltraTech's better placed given higher per tonne profit and expanded capacities
For ACC, the RSI has signaled a trend reversal while decent volume participation has also been witnessed
The RSI on ICICI Pru Life has indicated a strong trend reversal with positive bias, signalling a buy
India's economy is forecast to slow further to 6 per cent growth this year, following a deceleration in 2018, according to economists surveyed by Bloomberg
Top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.