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Five cement stocks see price target cuts of up to 16% by Jefferies on higher energy costs
Even has Jefferies has cut its price target on five cement stocks in its latest note, it still sees an upside potential of up to 40% for these companies.
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.
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.
Smallcap World Increases Stake in Shaily Engineering | JK Lakshmi Cement Announces Project & Acquisition | Top Buzzing Stocks Today - Equitymaster
Smallcap World Increases Stake in Shaily Engineering | JK Lakshmi Cement Announces Project & Acquisition | Top Buzzing Stocks TodayEquitymaster
Stocks to Watch today: ACME Solar, Gravita India, Kalpataru, Raymond Realty
Stocks to Watch today, March 13: Aurobindo Pharma, Godrej Properties, KPI Green Energy, JK Lakshmi Cement, Max Financial Services, and Nectar Lifesciences are among the top stocks to remain in focus
Crude-led volatility may be short-lived; Quantum AMC sees opportunities in banks, IT, cement, realty
George Thomas, Fund Manager – Equity at Quantum AMC, believes the recent jump in crude oil prices, triggered by geopolitical tensions, could temporarily push inflation higher and weigh on global macro conditions. He noted that the base case remains that the tensions may not stretch for a long period. The situation could last for a few weeks or possibly a month, but may not drag on for much longer. If that plays out, crude prices could reverse just as quickly as they moved up. Despite the uncertainty, he believes current market levels offer reasonable entry points as the earnings cycle remains supportive. His fund has been adding exposure to a real estate company and increasing weights in select private banks, IT services firms and a cement player.
Niraj Cement Structurals gains on bagging Rs 80-cr contract from MoRTH
Niraj Cement Structurals added 1.43% to Rs 29.15 after the company has announced that it has secured a work order worth Rs 80.12 crore from the Ministry of Road Transport and Highways (MoRTH).
UltraTech Cement to acquire over 26% stake in Sunsure Solarpark Thirty Eight
UltraTech Cement will acquire a 26.20% stake in Sunsure Solarpark Thirty Eight to source renewable power and meet captive energy requirements.
Stock market today: From Swiggy, IRFC to RVNL— More than 700 stocks hit 52-week lows on BSE amid stock market crash
As many as 719 stocks, including Swiggy, SBI Cards and Payment Services, IRFC, RVNL, REC, Concor, DLF, Naukri, Page Industries, Procter & Gamble Hygiene and Health Care, and Shree Cement, hit their 52-week lows in intraday trade on the BSE.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Momentum Stocks: Igarashi Motors, Niraj Cement, Transwarranty Finance gain on sheer momentum
Sasken Technologies, Madhucon Projects and Vidya Wires were locked in the upper circuit, indicating strong buying demand and limited availability of sellers.
Stocks to Watch Today: RITES, GNFC, IRB Infra, Tata Power, Dr Reddys Labs, Max Estates, Meesho, Kwality Walls, PB Fintech in focus on 9 March
Stocks to Watch, 9 March: Stocks like Kwality Walls India, SML Mahindra, Max Estates, Meesho, Kotak Mahindra Bank, R Systems International, Yes Bank, Dr Reddy's Laboratories, Tata Power Company, RITES, UltraTech Cement, and IRB Infrastructure Developers will be in focus on March 9.