Sagar Cements to commission new clinker line
Sagar Cements plans to commission its new clinker line at Andhra Cements Ltd (ACL) during the current quarter. This forms part of an INR4580m (US$55....
Source: cemnet.com
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Ind-Ra assigns rating to Andhra Cement Ltd
India Ratings and Research has assigned Andhra Cements Limiteds bank limits IND BBB+. The Outlook is Stable.
Source: equitybulls.com
Dalmia Cement (Bharat) and Sagar Cements are frontrunners in Andhra Cements sale
Dalmia Cement (Bharat) and Sagar Cements are frontrunners in Andhra Cements sale
Source: globalcement.com
SBI drags Jaiprakash Associates to NCLT; files insolvency plea claiming default of Rs 6,893.15 crore
SBI has also proposed the name of Bhuvan Madan as interim resolution professional of the company.
Source: india.com
Insolvency proceedings ordered against Andhra Cements
Insolvency proceedings ordered against Andhra Cements
Andhra Pradesh Jaypee Group National Company Law Tribunal Andhra Cement Pridhvi Asset Reconstruction Press Trust
Source: globalcement.com
Correction in cement sector is an opportunity to buy these stocks
Demand remained weak during February as cement transported through rail declined 6 per cent MoM and 1 per cent YoY.
Andhra Pradesh Dalmia Bharat Nuvoco Vistas Corporation Sanghi Industries Ramco Cement Ambuja Cements
Source: businesstoday.in
Cement stocks: Cement stocks take a hit on margin pressure
“The impact on margins is expected to be visible in the forthcoming quarters, but the companies (will) try to maintain margins with receding monsoons,” said Sandeep Tulsiyan, an analyst at JM Financial. “The moderation in prices was primarily led by a 4.7% dip in the East sector and a 4.4% fall in the South.”
Source: indiatimes.com
market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday
US stocks retreat from all-time highs Wall Streets main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trumps account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36. European shares ral...
Source: indiatimes.com