Dalmia Bharat has seen a breakout from Falling channel pattern and a continuation of this can fuel momentum driving the stock towards 2,000-2,100 levels in the short- to medium-term. After hitting a 52-week high on December 14, 2023, the stock lost its steam and witnessed a steep fall, slipping below crucial moving averages.
It is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic strategy to boost capacity and emerge as the largest cement manufacturer within the next three to four years, overtaking the Aditya Birla Groups UltraTech.
Adani Group s Concrete Plan: $3b Buyouts in Cement Space indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Top five domestic cement manufacturers could expand their market share to up to 55 per cent by March 2025, through organic and inorganic expansions, leading to further consolidation, said a report from rating agency ICRA. Helped by a healthy demand prospect, large companies operating in the cement
Stocks that will see action today: June 10, 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.