[ad_1] Mumbai: market Participants are divided on future mobility cement sector after the entry of Adani Group, Where one segment expects aggressive capacity growth and high competitive intensity that will mutate the profitability of the sector, the other believes that profitability will be prioritized over volume, thus keeping realizations stagnant or better. But the bottom […]
ACC Share Price: Chart Check: This cement player gave a breakout above ‘Downing Wedge’ pattern; time to buy?
[ad_1] The ACC, a share of the cement industry, has fallen over 16 per cent from its November 2021 highs, but a breakout from a ‘falling wedge’ pattern on the weekly chart suggests that bulls may take control, at least in the short term. It outperformed the benchmark index on a weekly and monthly basis […]
Stock Radar: Stock Radar: Down more than 30% from November’s high! This cement stock is a buy contrast at current levels
[ad_1] UltraTech Cement, a share of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, putting the stock effectively in a bear grip, but technical indicators suggest the possibility of a technical bounce in the short term . The cement major hit a 52-week high of Rs 8267 […]
Cement companies: High cost and low demand may reduce margins of cement companies
[ad_1] In the past six months, the Nifty 50 index has fallen close to 9%, while the ET Cement index – which includes all major listed entities – has fallen close to 24%. essence By some estimates, pet coke and Indonesian coal prices have risen 55 to 80 percent in the past five months. Domestic […]
UltraTech Cement Rating: Hold; Capex expected to worsen sector sentiment
[ad_1] In the current times of weak demand, low price power, high fuel cost and uncertainty related to entry of a new aggressive player (Adani Group), any significant capacity announcement is likely to further hurt the sentiments of the sector. Looking at the background, UltraTech CementThe F25E’s plan to add 22.6mpta (~17% of its capacity) […]