CEMENT SECTOR

Crude, natural gas drag July core growth to 6.1%

India's core sector, including eight major industries, recorded a 6.1% growth in July, up from 5.2% the previous month, according to official data. Despite a decline in crude oil and natural gas production, other sectors like steel, electricity, coal, and cement showed positive growth, indicating heightened business activity.

We have 0% exposure in defence stocks, have started nibbling into banks: Jyotivardhan Jaipuria

Jyotivardhan Jaipuria from Valentis Advisors shares insights on investments in bank stocks due to their undervaluation. He says, over time, one has to buy bank stocks because it is one of the few cheap places left in the market today. He discusses challenges in the cement and IT sectors, the high valuations of defense stocks, and emphasizes a long-term strategy for profitability as industries consolidate and recover.

Buy JK Cement, target price Rs 4920: Axis Securities

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 34350.76 Crore) operating in Cement sector.

Why this Adani bull is raising its bet on Ambuja Cements

Ambuja Cements, owned by Adani Group, saw an investment boost from GQG Partners, increasing their stake to 2.04%. Shares rose 4% following the deal. The Adani Group plans to raise Rs 30,000 crore by selling shares in its listed firms. Adani is aggressively expanding its cement business to challenge market leader UltraTech.

GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session

Domestic markets ended almost flat on Monday after a significant rise on Friday, supported by global market recovery but hindered by underperformance in banking. Analysts recommended a 'buy on dips' approach, focusing on IT and FMCG sectors. The Indian rupee strengthened against the US dollar amid weakening of the dollar and declining oil prices.

At a bunch of companies, white-collar jobs slip into the red

At a consolidated group level across businesses, Reliance Industries alone has seen a reduction of 42,000 in employee count in FY24 over the previous year led by the retail business where over 38,000 jobs were slashed.

Buy JK Lakshmi Cement, target price Rs 950: Axis Securities

JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement, Clinker and Other Operating Revenue for the year ending 31-Mar-2023.

Rise in construction activities to propel India's cement demand by 7-8% in FY25: UltraTech

UltraTech Cement anticipates a 7-8% growth in cement demand this financial year, driven by increased construction activities. The industry was set to add 35-40 million tonnes of capacity, mostly in the eastern and southern regions. This demand surge expected to raise the capacity utilization to 72% in FY25 from 68% in FY23.

Wait for market to correct a bit before fresh buying: Sandip Sabharwal

​Now, for this month or a month or two, there could be inventory adjustments where wholesale dispatches might be lesser than retail sales because there have been talks of some sort of three-four days extra of inventory built up in the system, so I think that might get adjusted. So, based on these news flows, if we see the stocks correct somewhat, I think it is a good sector to be in.

Buy Ambuja Cements, target price Rs 800: Motilal Oswal

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 166149.99 Crore) operating in Cement sector.

Be a bit cautious in auto stocks and do not chase the particular rally in Maruti: Dipan Mehta

Dipan Mehta of Elixir Equities discussed the outlook for the auto and cement industries, noting potential slowdowns and increased competition. He commented on recent developments in speculative trading regulations, the pharma sector, and the performance of companies like Zomato, Paytm, and Maruti. Mehta advised caution in the auto sector while expressing optimism about select pharma stocks.

India Cements buy to bolster UltraTech's hold over South

UltraTech Cement's acquisition of a controlling stake in India Cements, based in Chennai, aims to solidify its leading position in the highly competitive cement sector and delay the Adani Group's efforts to close the gap in the short to medium term. This move occurs as organic expansion has become costly and time-consuming.

Pecking order of private banks has changed; valuation of smaller cement cos may move up: Sandip Sabharwal

Cement Stocks: This quarter’s results show the asset quality seems to have peaked and the best of the asset quality seems to be behind the banking sector, which is fine, like it is an industry where there will be cycles of NPA formation and cut-downs. However, the upswings will be much lower, says Sandip Sabharwal

Buy UltraTech Cement, target price Rs 13000: Motilal Oswal

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

Should investors bet on insurance and metal stocks? Pashupati Advani answers

If they stabilize again, they will lose a bit of money they were making on transactions as they have to give some of it to the banks. But overall, the business model remains intact. So, it's good news for Paytm.

33 preferred stock picks from Nomura across sectors post Union Budget

Budget sector analysis and stocks ideas by Axis Securities

Budget 2024: Higher allocation for infra, housing bodes well for cement, construction companies

Government allocates Rs 84,700 crore to PM Awas Yojana, Rs 19,000 crore to Pradhan Mantri Gram Sadak Yojana. Cement makers like Ultratech, Ambuja, Shree, JK to benefit. Rs 26,000 crore for Bihar highways, Rs 15,000 crore Andhra Pradesh package, Rs 24,900 crore for metro projects. 100 cities to receive water supply, sewage, and waste management projects.

Add JK Cement, target price Rs 4818: ICICI Securities

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.

Buy UltraTech Cement, target price Rs 13000: Motilal Oswal

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 325024.10 Crore) operating in Cement sector.

Sachin Trivedi on how to trade in cement stocks in near term

The government has been acting as a catalyst in past years. I think the government should promote policies that encourage the private sector to do more capex. Remember, all the earnings growth that we have seen in the past couple of years was on the back of the capex done in the last decade.

Chakri Lokapriya on stocks to pick in cement, banking sectors

UltraTech is very well positioned. It is still the market leader. Adani on the other hand with ACC and Ambuja, is far more acquisitive. They can move on deals much faster. So, in terms of where will growth come faster from, it will be ACC and Ambuja, says Chakri Lokapriya.

A war of titans builds up in India's cement sector

The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.