Page 2 - Tech Cement News Today

Timken India, Inox Wind, Concord Biotech, IIFL Finance, UltraTech Cement, Honasa Consumer, Adani Energy Solutions, Nykaa, Keystone Realtors in news.

UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK...

UltraTech's consolidation was characterized by a lower high pattern on a weekly basis and despite which the stock managed to remain well above its 200-DEMA on the daily timeframe, said SMC Global.

The Nifty 50 is likely to be rangebound with resistance at 23,100-23,200 and support at 22,800 in the coming sessions, while volatility is expected to be elevated ahead of the Lok Sabha election results.

Nearly 35% of the group's valuation is attributed to UltraTech, which has a market capitalization of Rs 2.95 lakh crore, making it the third most valuable cement company globally.

The 23,000 level is expected to play a key role in the Niftys further direction, and sustaining this level can take the index towards the upper band of the Rising Channel (i.e., 23,100-23,200), followed by 23,500, with support at 22,800.

KR Choksey recommended accumulate rating on UltraTech Cement with a target price of Rs 10,776 in its research report dated May 03, 2024.

Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 11,900 in its research report dated April 29, 2024.

Ambuja Cements, Indias second-largest cement maker by market capitalisation, reported on Wednesday a smaller-than-expected profit rise in the fourth quarter as lower prices weighed. ...

Domestic brokerage house Prabhudas Lilladher has advised long-term SIPs (systematic investment plans) with Aditya Birla Group stocks. In its latest newsletter, the brokerage has endorsed the consistent wealth-building potential of these stocks.