Market News

'Upgrade entire sector to BUY': Explaining DAM Capital's rationale and targets for these stocks

The demand in FY27 is likely to be impacted for the cement sector as well. DAM Capital has tempered its volume outlook to 4% for FY27 from the previous year compared to the earlier projection of 7%.

JSW Cement sets up first North India plant, boosts capacity

JSW Cement has opened a new cement plant in Nagaur, Rajasthan, with 2.5 MTPA grinding and 3.3 MTPA clinkerisation capacity. Shares fell 3.24% to ₹114.84 on the NSE.

JK Cement emerges preferred bidder for 350-hectare limestone block in MP

JK Cement Ltd is the preferred bidder for the 350-hectare Itauri-Jharkua limestone block in Panna, Madhya Pradesh. The company reported a 23% YoY fall in Q3FY25 net profit.

UltraTech to pick up 26% in Sunsure Solarpark Seven

UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech's commitment to renewable energy.

Stocks to Watch for March 19: HDFC Bank, Vedanta, UltraTech Cement and more

From UltraTech Cement acquiring 26.18% equity shares of Sunsure Solarpark Seven to Nazara UK signing definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. and BestPlay Systems S.L., here are some stocks to track ahead of Thursday trading session.

UltraTech Cement to acquire 26.18% stake in Sunsure Solarpark Seven for ₹19.2 crore

The ₹19.2-crore acquisition is aimed at meeting UltraTech's green energy requirements, optimising energy costs and complying with regulatory requirements for captive power consumption under electricity laws. UltraTech Cement Ltd shares closed at ₹11,225, up ₹109 or 0.98%, on March 18 at the NSE.

JK Cement subsidiary receives legal notice in J&K over packaging violations

The company added that there is no material financial impact from the development at this stage. It has sought an extension from the department to respond to the notice.

Shree Cement named preferred bidder for 373-hectare Andhra Pradesh limestone block

The e-auction was conducted by the government of Andhra Pradesh for the grant of a mining lease for the specified block. Shares of Shree Cement Ltd ended at ₹23,696.65, up by ₹357.30, or 1.53%, on the BSE.

Nirmal Bang sees defence growth, flags cement margin pressure on fuel costs

Jyoti Gupta, Senior Research Analyst at Nirmal Bang Institutional Equities, remains positive on defence, citing strong order books and execution visibility despite rich valuations, with picks like HAL and BEL. On cement, she sees limited gas impact but rising pet coke and coal costs may pressure margins. Demand may moderate, though she prefers large caps like Ambuja and UltraTech while staying cautious on weaker regional players.

Sagar Cements to sell 7.24% stake in Andhra Cements via OFS

The cement player will sell up to 66.76 lakh equity shares, representing 7.24% of the total paid-up equity share capital of its subsidiary Andhra Cements Ltd, at a floor price of ₹52 per share. Shares of Sagar Cements Ltd ended at ₹171, down by ₹4.20, or 2.40%, on the BSE today, March 16.

UltraTech Cem Share Price Live Updates: UltraTech Cement's monthly performance shows a downturn

Ultratech Cement, Hindalco, Grasim Industries, JSW Steel, among top gainers on March 16 amid volatile market; NIFTY50 trades above 23,100 - Upstox

Ultratech Cement, Hindalco, Grasim Industries, JSW Steel, among top gainers on March 16 amid volatile market; NIFTY50 trades above 23,100Upstox