Consolidation is the name of the game in India’s cement sector, but another emerging trend is the growing thrust on green energy. Cement companies are making significant investments in waste heat recovery systems (WHRS) and other renewable energy sources such as solar and wind power. This is expected to reduce […]
Ambuja Cements
UltraTech Cement on June 27 announced that its board had approved the acquisition of a 23 per cent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 apiece, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a […]
Sanghi Industries announced on Tuesday that its promoters, Ambuja Cements and Ravi Sanghi, will sell stakes in the company through an offer for sale (OFS). The promoters plan to sell 9,092,000 shares, representing 3.52% of the total issued and paid-up equity share capital, the company said in an exchange filing. […]
Shares of Awfis Space Solutions, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD, MIDSMALL ETF-B hit their fresh 52 wk lows today. Nifty 50 was up by 51.05(0.22%) points and Sensex was up by 91.55(0.12%) points at 14 Jun 2024 11:00 IST. Bank Nifty was up by 224.35(0.45%) points at […]
Adani Group stocks crashed sharply on Tuesday after most of the group stocks hit 52-week highs in the previous session following the overall weak sentiment of the Indian markets after early trends showed that the election result could be tighter than exit polls had predicted. The decline in Adani Group […]
Adani Group stocks surged sharply in today’s trading session, driven by multiple positive developments that spurred strong demand for the group’s shares. Leading the performance was Adani Power, which gained 10%, closing at ₹776.40 and hitting a new all-time high of ₹797 per share. Adani Total Gas followed closely as […]