Stay updated with breaking news from Orient Cement. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Stocks to watch: Shares of firms like Tata Chemicals, RVNL, Adani Power, UCO Bank, RITES, Jana SFB, and others will be in focus on Tuesday's trade.
In the highly competitive cement industry in India, the Adani Group faces challenges in catching up to the leader, UltraTech Cement, owned by the Aditya Birla Group. UltraTech recently crossed 150 million tonnes in production capacity and plans to further increase it to 200 million tonnes. Adani has made strategic acquisitions but will need more to gain market share. The overall cement industry in India is expected to add significant capacity in the coming years, driven by infrastructure and housing demand.
Rakesh Arora discusses the impact of market share competition on cement prices despite good demand. Strategic acquisitions during low prices can lead to cheap valuations. The industry sees consolidation with big players like UltraTech and Adanis competing.
Sandip Sabharwal highlights Axis Bank's undervaluation, potential for re-rating. Discusses RBI's ban on Kotak credit cards, online accounts. Aditya Birla Group's impact on stock prices and the caution advised in the cement sector due to pricing pressures.
In October 2023, ET reported that the firm had approached Adani group to sell its promoter stake. Last year, JP Morgan was roped in by Birla to find a buyer for his business.