Updated Feb 19, 2021 | 09:57 IST
Ambuja Cement in focus after its Q4 earnings. NMDC resumed production after Donimalai mines after 2 years. Engineers India and Oil India in focus. Stocks to track in trade for February 19, 2021: Ambuja Cements, NMDC, Engineers India, Oil India, DLF | Photo Credit: BCCL
Key Highlights
Ambuja Cement reported an in line set of number in Q4
ACC renewal of the existing MSA with Ambuja Cements Limited for a period of 3 years w.e.f. May 2, 2021
RBI issues master direction on digital payment security controls
Ambuja Cements
The company reported a broadly in-line quarter despite the in-line volume, realization slightly ahead and miss on cost fronts. The revenue grew by 14% YoY to Rs 3468 crore for the quarter on the back of better cement volumes and robust realizations. The sales volumes up 8% at 7.05MnTn. Strong demand from rural housing, as well as tier II and III cities, helped in volume growth.
Sensex, Nifty Set To Open Lower On Weak Global Markets MSCI s broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.
Updated: February 19, 2021 9:03 am IST
The Indian equity benchmarks are set to open lower on Friday on the back of weak global cues and as indicated by the Nifty futures traded on Singapore Exchange The Nifty futures on Singapore Exchange fell 0.5 per cent or 75 points to 15,045. Asian stocks pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming U.S. data dented investor confidence in a faster economic recovery from the COVID-19 pandemic, while gold hit a seven-month trough. MSCI s broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.