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The broader trend in the cement sector remains positive, price action riding along the overall bullish sentiment. While the key benchmark indices underwent tremendous volatility during this phase, shares of UltraTech Cement, ACC, and Orient Cement were formulating accumulation and laying a significant base for the upward rallies
The cement firm's revenue rose 16% at Rs 5,201 crore in the June quarter
The cement maker, India's oldest manufacturer of the commodity, said that based on the review of independent law firms hired by the Adani Group, and the pending outcome of regulatory investigations into the matter, ACC has decided to not carry out any separate independent probe.
Rehabilitation of nearly 700,000 dwellers is no easy task, with many already doubting if the redevelopment would actually help them while many others are afraid that they would be just thrown out. However, Adani has promised to rehabilitate all the eligible as well as non-eligible residents.
A total of 5,030 shares changed hands on the counter till 12:24PM (IST).