Acc Limited

IT bleeds, cement & aviation rally. Here's why

The US bank said it saw a potential for 20-40 percent rise in the share prices of the Ambuja Cements, ACC and UltraTech Cement on the back of rising profits.

Chart: Why cement stocks have hit a lifetime high

Despite slowdown in the housing sector, rural market continues to see good growth which has resulted in a sharp jump in sales of cement by most of the cos.

Shree Cement profit can jump 253%. Here's why & how of it

At a time when realty and infra are in doldrums, a robust performance by cement stock is surprising to many.

Cartelisation: CCI delays order on cement cos by a day

CCI is redrafting certain portions of the final order which seeks to impose a penalty on eleven cement companies for inflating cement prices by forming a cartel

ACC's sales volume up, but profit down 57% on one-time charge

ACC Ltd, India's No 2 cement maker, reported a 57 percent fall in quarterly profit after a one-time charge, with higher costs of fuel and transportation also squeezing margins even as sales volumes rose.

CCI order may impact small cement players: Fitch

Last week, the Competition Commission of India (CCI) imposed penalty of Rs 6,307-crore on 11 cement companies.

Competition panel levies Rs 6,000 cr penalty on cement firms

The penalised cement manufacturers have been asked to deposit the penalty amount within 90 days.

Despite margin pressure, UltraTech Cement net doubles to Rs 279 cr

UltraTech, part of the diversified Aditya Birla Group, and major competitors ACC, Ambuja Cement and Jaiprakash Associates account for around 50 percent of India's cement market.