Page 7 - Tech Cement News Today

Indias JK Lakshmi Cement reported a 69% rise in third-quarter profit on Thursday on healthy demand and higher prices....

L&T, Indias largest engineering, procurement and construction company, will stand to benefit if the finance minister announces another big bang capex spend for FY25 budget

Ultratech Cement, part of the Aditya Birla Group, reported a 68% on-year increase in net profit for the October-December quarter at Rs 1,777 crore on the back of higher volume and lower costs. Revenue rose 8% on-year to Rs 16,740 crore.

Analysts expected the company to report a net profit of Rs 1,714.19 crore for the October-December quarter, according to estimates from seven brokerages collated by Moneycontrol.

UltraTech Cement said its domestic grey cement sales volume rose 5 per cent YoY and 1 per cent QoQ, respectively. Improved operational efficiencies, coupled with lower fuel and raw material costs resulted in improved Ebitda margins, it said.

Indian shares rose notably on Friday, mirroring firm cues from global markets. Markets remain attached to the prospect of a March U.S. rate cut despite cautious comments from several Federal Reserve officials in recent sessions.

RIL has recently experienced a notable upward surge. However, a recent breakdown, coupled with substantial trading volumes, underscores the presence of robust resistance levels at higher prices.

Shah Rukh Khan lends flair to new UltraTech Cement advertising campaign

Stocks to watch: Shares of firms like HCL Tech, Wipro, TCS, Infosys, Nykaa, LIC, UltraTech, and others will be in focus on Friday's trade.

New-Delhi based Amplus Ages is engaged in generation and transmission of renewable energy