Page 21 - Tech Cement News Today

Ultratech Cement announced a net consolidated profit of Rs 1,665.95 crore during the March quarter of the 2022-23 fiscal year. This represents a decrease of 32.29% compared to the previous fiscal years same quarter, which recorded a profit of Rs 2,460.51 crore.

Adani Green Energy hit the upper circuit limit in the opening trade, up 5 per cent, after the company's net profit jumped four-fold to Rs 507 crore in the fourth quarter.

Stocks to watch: Shares of firms like Tata Steel, Ambuja Cements, ONGC, Blue Star, Adani Group, and others will be in focus on Tuesday's trade.

Cement major UltraTech Cement on Friday reported its January-March quarter results

Based on the OI percentage, 83 stocks, including Aarti Industries, Syngene International, IndiaMART InterMESH, Laurus Labs, and IDFC First Bank, saw long build-ups.

UltraTech’s sales increased in FY 23   at a faster pace than those of the cement industry as a whole. It also reduced debt and added new capacity to the tune of 12 million tonnes in fiscal 23.

Company has a consolidated grey cement capacity of 134.5mt, which is projected to rise to 160.45mt

Stocks to watch: Shares of firms like Wipro, Axis Bank, Tech Mahindra, ACC, UltraTech, SBI Cards, and others will be in focus on Friday's trade.

Bajaj Finserv remained volatile but managed to surpass its previous swing high, gaining upward momentum post a decent set of quarterly numbers.

The dividend for the shares with face value of Rs 10 will be distributed after the approval of shareholders at the upcoming Annual General Meeting.