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Cement cos diverge on expansion plans amid West Asia uncertainty
Indian cement companies are taking different paths on spending. Some, like Ultratech Cement, Dalmia Bharat, and Nuvoco Vistas, are increasing investments for expansion. Others, including Ambuja Cement and Shree Cement, are slowing down their capital expenditure. This divergence reflects varied growth strategies in the Indian market. The focus remains on India's long-term development drivers.
Cement cos diverge on expansion plans amid West Asia uncertainty
Indian cement companies are taking different paths on spending. Some, like Ultratech Cement, Dalmia Bharat, and Nuvoco Vistas, are increasing investments for expansion. Others, including Ambuja Cement and Shree Cement, are slowing down their capital expenditure. This divergence reflects varied growth strategies in the Indian market. The focus remains on India's long-term development drivers.
Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
Vodafone Idea climbs on reports of fresh promoter-led capital infusion
Vodafone Idea jumped 7.23% to Rs 12.75 amid reports that the telecom operator may receive fresh promoter-led capital infusion led by chairman Kumar Mangalam Birla.
Vodafone Idea shares gain 7% as board to consider preferential fundraise on May 16
Vodafone Idea is expected to receive a fresh round of promoter-led capital infusion, with non-executive chairman Kumar Mangalam Birla expected to spearhead the funding exercise.
Tata Consumer shares soar 7% after better-than-expected Q4 earnings. Here’s what Morgan Stanley & other top brokerages say
Tata Consumer Products shares rose sharply on Monday after strong Q4 earnings beat estimates. Consolidated net profit rose 21% YoY, supported by robust India-branded business performance. Brokerages including Morgan Stanley, Motilal Oswal and Elara Capital remain positive, projecting healthy growth, margin expansion and further upside for the FMCG major.
Kumar Birla back as Vodafone Idea’s non-exec Chair amid turnaround attempt
Kumar Mangalam Birla has returned as non-executive chairman of Vodafone Idea (Vi) to lead its turnaround. The company, bolstered by government relief and a $5 billion capital expenditure, aims to secure debt funding and achieve significant revenue and EBITDA growth. Birla expressed confidence in Vi's role in India's digital future.
Stock Picks Today: Godrej Properties, Petronet LNG, AB Capital, Dabur, BHEL And More On Brokerages' Radar
Check out the top stocks on brokerages' radar heading into trade today.
Nestlé India flags Iran war risks, holds prices amid cost pressures
Nestle India faces economic challenges including the Iran war, inflation, and a weak monsoon prediction. The company is increasing advertising, technology, and capital expenditure to manage these uncertainties. Despite these factors, Nestle India reported strong growth in the March quarter. The company aims for volume-led growth in its core categories.
Nestle India share price jumps 3% to hit record high post strong Q4 results FY26: What brokerages have to say
Nestlé India achieved a 23% YoY revenue increase and maintained EBITDA margins at 26.3%. While Elara Capital raised its target price, analysts show mixed views on the stock's valuation. The company continues to focus on strong fundamentals and execution amidst a challenging commodity landscape.
JM Financial Private Equity, family offices invest Rs 150 cr in NG Electro Products
Consumer goods-focused NG Electro Products has secured Rs 150 crore in funding from JM Financial Private Equity and family offices. The capital infusion will fuel expansion of manufacturing capacity, accelerate R&D and product innovation, and bolster quality and compliance infrastructure. This investment aims to strengthen the company's footprint and deepen its product innovation capabilities.
MTR-parent Orkla India shares can jump another 28% from current levels, DAM Capital says
Orkla India is the market leader in packaged spices in Karnataka with a 31.2% share and in Kerala with a 41.8% share, reaching 9 out of 10 households in both states. Through Eastern, it also holds a 22.2% share in India's branded spice exports market.