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Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capexAmbuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Ca...
Ambuja Cements shares drop over 2% after Q4 results. What Jefferies and Nomura are sayingAmbuja Cements shares fell despite strong Q4 results, where net profit jumped 78% year-on-year to Rs 1,830 crore and revenue rose 10% to Rs...
Chris Wood of Jefferies sells Reliance Industries shares to buy Adani stockInvestor Chris Wood of Jefferies has sold Reliance Industries shares and reduced exposure to select banks, shifting focus to Ambuja Cement ...
Ambuja Cements, ACC and other cement stocks surge up to 4% after GST slashed from 28% to 18%Cement stocks surged following the GST Council's decision to reduce the tax on cement from 28% to 18%. This move is expected to boost infra...
Jefferies’ bullish call drives gains in cement stocksCement stocks surged over 5% on Monday due to positive sentiments from a Jefferies report predicting continued demand recovery led by gover...
Adani Group to sell shares worth Rs 4,200 crore in Ambuja Cement on FridayThe Adani Group plans to sell a 2.84% stake in Ambuja Cements through a block deal, aiming to raise Rs 4,200 crore. Holderind Investments, ...
India Cements buy to bolster UltraTech's hold over SouthUltraTech Cement's acquisition of a controlling stake in India Cements, based in Chennai, aims to solidify its leading position in the high...
Hot stocks: Brokerage view on RIL, M&M, ICICI Bank, Ambuja Cements and IndiGoJefferies reaffirmed a 'buy' rating on RIL (Reliance Industries Limited) with a target price of Rs 3,580. They foresee the possibility of J...
Hot Stocks: Brokerage view on Ambuja Cement, HAL, HCL Tech.; Investec upgrades VedantaInvestec upgraded Vedanta to a Hold rating, JPMorgan maintained its Buy stance on HAL, Jefferies retained a Hold rating on HCL Technologies...
Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies' top picks"India's capex cycle has turned from its FY20 bottom, and should last another five-plus years as the housing and corporate capex cycle play...
Hot Stocks: Brokerage view on UltraTech Cement, Ambuja, L&T and Maruti SuzukiJefferies maintained a buy rating on L&T with a target price of Rs 3050. H1 should see order flow traction as elections drive front-ended F...
Cement stocks rally as producers raise September prices by 3-10%Shares of UltraTech Cement, ACC, Ambuja Cements, Shree Cements, Dalmia Bharat, Gujarat Ambuja Exports, Birla Corp, Ramco Cements, Nuvoco Vi...
Hot Stocks: Brokerages on Paytm, Ambuja Cements, Indian Hotels and PI IndustriesBrokerage firms Morgan Stanley maintained an Equal-Weight rating on Paytm, Jefferies initiated a buy call on Ambuja Cements, UBS maintained...
Adani pledges stake worth $13 billion in newly acquired ACC, Ambuja CementsStakes in two of those companies -- about 57% of ACC Ltd. and 63% in Ambuja Cements Ltd. -- have been encumbered “for the benefit of certai...
'ACC, Ambuja investors hold mixed views on open offers'Adani had acquired majority stakes in both the cement companies from Holcim. The mandatory offers by Adani to purchase at least 26% each in...
Analysts bearish on cement as costs riseCLSA said elevated costs and a change in industry dynamics remain key factors to watch. "We expect the full impact of cost inflation to be ...
What a Holcim exit would mean for ACC, Ambuja investors & cement sectorHolcim in 2021 announced ‘Strategy 2025’ where it articulated its target to expand Solutions & Products to 30 per cent of group net sales f...
Ambuja Cements stock sees target cuts by foreign brokers. Still a buy?Goldman Sachs has maintained its 'buy' rating on Ambuja Cements but with a reduced 12-month target of Rs 385 from Rs 405.
Sector watch: Northeast-focused cement makers to outperform peersJefferies said cos having exposure to northeast and other favourable regions should outperform peers on asset valuations.
CLSA, BofA-ML downgrade Ambuja Cements as Holcim rejigs India opsTop global brokerage firms, including CLSA and BofA-ML, have downgraded Ambuja Cements a day after Holcim Ltd said it would raise stake in ...