Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Cement makers strive to repair realizations; can investor sentiment revive?
Premium cement and higher trade sales are supporting realizations, but rising fuel costs, weak pricing power and looming capacity additions are clouding earnings prospects.
Dalmia Bharat plans to raise Rs 4,000 cr; targets 110-130 MTPA cement capacity by FY31
Dalmia Bharat is set to raise up to Rs 4,000 crore to fuel its ambitious expansion, aiming to reach 110-130 million tonnes per annum cement capacity by FY31. This strategic move, involving acquisitions and organic growth, aligns with anticipated industry demand driven by infrastructure and housing. The company is also focusing on premium products and strengthening its pan-India presence, building on recent acquisitions and strong financial performance.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Birla Estates clocks ₹1,600 crore bookings in a month for Gurugram luxury project
Birla Estates booked over ₹1600 crore from Phase 2 of luxury project Birla Arika in Gurugram, selling 97% units, highlighting strong premium housing demand in NCR
Ambuja’s shift from volume chase to value accretion may take time to pay off
After a rapid expansion drive, Ambuja Cements is pivoting to a value-over-volume strategy—focusing on utilization, premium products and cost cuts to boost margins and returns.