IT bleeds, cement & aviation rally. Here's why
Fp Archives • 13 years agoThe 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
Fp Editors • 13 years agoDespite 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
Fp Editors • 13 years agoAt 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
Fp Staff • 13 years agoCCI 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
Fp Archives • 13 years agoACC 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
Fp Archives • 13 years agoLast 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
Fp Archives • 13 years agoThe 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
Fp Archives • 14 years agoUltraTech, 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.