Latest news with #ShreeCement
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Business Standard
20 hours ago
- Business
- Business Standard
5 stocks above ₹10,000 that can rally up to 25% from here
Bosch, Shree Cement, 3M India, Neuland Laboratories and Honeywell Automation are among 18 stocks from the Nifty 500 trading above ₹10,000-mark, and looking strong on technical charts. Details here Rex Cano Mumbai Listen to This Article One in every 28 stocks from the Nifty 500 trades in five-digits, i.e. a total of 18 out of the Nifty 500 stocks quote above the ₹10,000-mark as of today, July 24, 2025, shows the National Stock Exchange data. In terms of price per share, MRF tops the table at ₹1,48,800 per share, with a two-week average trading volume of around 7,000 - 10,000 shares. The overall traded volume as of Tuesday, ranged as high as 5.33 lakh shares to a low of 340-odd shares for these shares; with UltraTech Cement at the higher-end, and JSW Holdings
Mint
3 days ago
- Business
- Mint
Shree Cement, Orient Bell among key stocks to trade ex-dividend today on 21 July, 2025
Dividend Stocks: Shree Cement and Orient Bell among key stocks to trade ex-dividend today on 21 July 2025 Shree Cement and Orient Bell, along with many others, had determined that July 21, 2025, would be the record date for finalising the list of eligible shareholders for dividends. To be included on the list of eligible shareholders to receive dividends under the T+1 settlement method, investors who desired dividends had to buy the shares of Shree Cement and Orient Bell at least one day before the recording date. Shree Cement Ltd—The Board of Shree Cement had recommended a final dividend of Rs. 60/- per equity share of Rs. 10 for FY 2024-25, subject to approval by Members at the upcoming Annual General Meeting of the company. The company's annual general meeting is scheduled for Monday, August 4, 2025. While the record date for determining members' entitlement to the final dividend for the fiscal year ending March 31, 2025, if authorized at the 46th Annual General Meeting, will be Monday, July 21, 2025. The dividend, if approved, will be paid on or after Tuesday, August 5, 2025. The dividend of Rs. 0.50 (fifty paisa) per equity share (face value Rs. 10/- per equity share) has been approved and proposed by Orient Bell for the fiscal year ending March 31, 2025. This is subject to shareholder approval at the upcoming AGM. The Record Date for determining members' entitlement to final dividends for the fiscal year ending March 31, 2025, will be Monday, July 21, 2025. Dividends must be paid to shareholders within 30 days of proclamation, after deducting appropriate tax rates at the source. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
03-07-2025
- Business
- India.com
Meet West Bengal's richest person, who has a massive net worth of Rs 631200000000, lives in lavish mansion, his name is…, business is...
Meet Kolkata's richest man, richer than Narayana Murthy, owns luxurious mansion, his net worth is Rs 55732 crore, his business is... New Delhi: The City of Joy, Kolkata, is home to many industries operated by leading public and private sector companies, with major sectors including steel, mining, minerals, cement, and more. But do you know who the richest man in Kolkata is? Meet Benu Gopal Bangur, the man who is at the helm of the multimillion-dollar business empire Shree cement. Benu Gopal Bangur, the former Chairman of Shree Cement, is Kolkata's richest man. According to Forbes, Bangur has a real-time net worth of a massive USD 7.6 billion (approximately Rs 63,120 crore). Cement czar Benu Gopal Bangur gets his wealth from a majority stake in Shree Cement, one of India's most cost-efficient cement producers. The business magnate's humongous wealth is attributed to a majority stake in the cement manufacturing company, with a market capitalization of Rs 87,351 crore (as of August 2023), according to DNA India. According to the company website, Shree Cement is 'one of India's top three (and one of the most cost-efficient) cement producers with an installed cement production capacity of 50.4 MTPA and power generation Capacity of 742 Mega Watts including renewable energy sources.' All you need to know about Benu Gopal Bangur: Benu Gopal Bangur is the richest man in Kolkata Shree Cement was started in 1979 in Jaipur The company used to sells branded cement under the names of Shree Ultra Jung Rodhak, Bangur Cement and Rockstrong. Bangur hails from a storied business clan in Kolkata and got control of Shree Cement in the 1990s after a family split. Today the company is run by his son Hari Mohan, who was appointed chairman in 2022 after Bangur stepped down. His grandson Prashant is vice chairman. In July 2023, the federal Ministry of Corporate Affairs issued an inspection order alleging improper filing of income tax returns by Shree Cement. Education Benu Gopal Bangur holds a B. Com (Hons.) degree from Calcutta University. In October 2022, the 92-year-old businessman stepped down as Chairman of the Board of Shree Cement. His son Hari Mohan Bangur, a chemical engineer and IIT Bombay alum, is currently the Chairman of Shree Cement. Moreover, Benu Gopal's grandson and Hari Mohan's son Prashant Bangur is the Vice Chairman of the company. He holds an MBA in finance and logistics from the Indian School of Business, Hyderabad, and a Mathematics Honours from St. Xavier's College, Kolkata. Benu Gopal Bangur is widowed with two sons.
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Business Standard
27-06-2025
- Business
- Business Standard
UltraTech, JK Lakshmi, Shree Cement, ACC rally up to 6% on positive outlook
Cement companies share price today Shares of cement companies JK Lakshmi Cement, Shree Cement, India Cement, ACC, Ambuja Cements, JK Cement and UltraTech Cement rallied up to 6 per cent on the BSE in Friday's intra-day trade on expectations of growth recovering in cement sector in the current financial year 2025-26 (FY26). UltraTech Cement was up 2 per cent at ₹12,134.90 in intra-day trade. The stock was quoting close to its 52-week high level of ₹12,341 touched on April 28, 2025. Thus far in the month of June 2025, UltraTech Cement has rallied 8 per cent. Shares of JK Lakshmi Cement surged 6 per cent to ₹894 amid heavy volumes. In the past four trading days, the stock appreciated by 10 per cent. It had hit a 52-week high of ₹935 on June 27, 2024. Cement sector outlook In the short term, the sector will likely face seasonal challenges due to monsoon related weakness, affecting demand and pricing. However, analysts at Elara Capital expect demand growth to rebound in FY26, driven by improved execution of government initiatives, such as the Pradhan Mantri Awaas Yojana - Gramin (PMAY-G), and increased irrigation spending. Capacity addition will continue, keeping utilization range-bound. As the industry enters a lean season, profit margin may see a near-term peak in Q1FY26. Investors may consider reducing their positions after Q1FY26 results to avoid short-term underperformance, the brokerage firm said. With the early onset of the monsoon, muted demand in the initial months, and anticipated volume push towards end-Q1FY26, cement prices are likely to come under pressure. Structurally, analysts said they are positive on firms with greater presence in North and North-East. UltraTech is well placed to gain market share due to its consistent strategy. Meanwhile, cement pricing momentum moderated in June 2025, with the all-India average price declining by ~1 per cent month-on-month (MoM). Further, due to sluggish demand trends since the beginning of 1QFY26, followed by regional challenges (heat wave, unseasonal rains, labor unavailability), analysts at Motilal Oswal Financial Services estimate industry demand growth to be in low to mid-single digits year-on-year (YoY) in Q1FY26, despite having a low base. The brokerage firm estimates that higher prices and cost-saving measures are likely to improve profitability in Q1FY26. The brokerage firm maintains a positive outlook on the cement sector due to resilient pricing trends despite the early onset of the monsoon in major parts of the country, higher consolidation, and favorable fuel prices.
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Business Standard
05-06-2025
- Business
- Business Standard
Cement firms volumes grow, but realisations decline in Q4 amid weak pricing
In Q4 FY25, pan-India cement prices stood at ₹362 per bag, down by 3 per cent year-on-year Prachi Pisal Mumbai Listen to This Article The top Indian cement companies reported healthy sales volume growth in the March quarter of FY25 but a decline in their realisations amid weak pricing. In Q4 FY25, pan-India cement prices stood at ₹362 per bag, down by 3 per cent year-on-year. Quarter-on-quarter, prices grew by 2 per cent. South India was hit the most with a 10 per cent decline in prices, according to Crisil Intelligence. Excluding Shree Cement (whose blended realisation remained flat year-on-year), UltraTech Cement, Ambuja Cements, JK Cement, Dalmia Bharat, Ramco Cements, and Birla Corp posted lower realisations on a year-on-year basis.
