Latest news with #UltraTechCement
&w=3840&q=100)
Business Standard
14 hours ago
- Business
- Business Standard
UltraTech, Ramco, Dalmia, JK Lakshmi Cement hit 52-wk highs in weak market
Cement companies' share price today: Shares of cement companies are in demand, rallying by up to 4 per cent on the BSE in Wednesday's intra-day trade in an otherwise weak market on a positive outlook. JK Lakshmi Cement surged 4 per cent to hit a 52-week high of ₹995 on the BSE. The stock price of the company is trading close to its multi-year high level of ₹998.40, which it had touched in February 2024. Shares of UltraTech Cement hit an all-time high of ₹12,532.15, gaining 3 per cent in intra-day trade today. The stock price of the cement giant has surpassed its previous high of ₹12,341, hit on April 28, 2025. Dalmia Bharat (₹2,244.40) and Ramco Cement (₹1,101.10), up 2 per cent, are trading at their respective 52-week high levels. In comparison, the BSE Sensex was down 0.53 per cent at 83,265 at 01:40 PM. Indian cement industry overview Cement demand registered a moderate growth of 4-5 per cent in FY2024-25, following a healthy 11 per cent compounded annual growth rate (CAGR) from FY2022-24. This moderate growth was primarily due to a high base from the previous fiscal year and a slowdown in construction activity during the first half of the current fiscal year, owing to an extended heatwave and labour unavailability due to elections. Furthermore, in FY 2025-26, cement demand growth is expected to rebound by 6-7 per cent owing to traction from the infrastructure and rural housing segments, JK Cement said in its FY25 annual report. The outlook for the cement sector is positive in the coming year, given the Government's continuous focus on infrastructure development, higher budgetary allocation and various other initiatives for housing and road development. The infrastructure segment's share has doubled from 11-13 per cent in FY2012-13 to 29-31 per cent in FY2023- 24, with a corresponding reduction in the share of housing, industrial and commercial demand. Going forward, JK Cement expect the infrastructure segment share to rise further to 32-34 per cent by FY 2028-29 due to the continued increase in central and state capital expenditure on roads, railways, metros, airports, and irrigation. Demand will be mainly driven by higher growth in the infrastructure and industrials segments as compared to the housing segment. Share of housing in total cement demand is estimated to decline marginally to 53-58 per cent over the next 3-4 years, while the share of infrastructure and industrials in total cement demand is estimated to improve to 42-47 per cent. Cement supply is estimated to be at 6 per cent CAGR over the period FY25-30, which would be lower than the demand CAGR of 7 per cent over the same period. As the demand is likely to outpace supply, the industry's capacity utilisation is expected to improve gradually, which will help in the improvement in cement prices, according to ICICI Securities.
Economic Times
3 days ago
- Business
- Economic Times
Which stocks should traders buy as indices hit a nine-month high?
Shah said the stock has recently given a 'stage-2 cup pattern' breakout on a daily scale. As benchmark indices reached a nine-month high, traders are eyeing bullish opportunities in stock futures. HPCL, UltraTech Cement, Power Grid, Indraprastha Gas, Apollo Hospitals, and HDFC Life Insurance are showing potential for upward movement. Technical analysis suggests specific entry points, stop losses, and target prices for these stocks, guiding traders in their investment decisions. Tired of too many ads? Remove Ads Decline in crude oil prices has supported oil marketing companies move higher, said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services. 'The stock has seen meaningful long additions on Friday and has been making higher lows for the last 4 trading sessions,' he said. The stock also gave a consolidation breakout after 35 long weeks. Traders can buy the contracts with support at Rs 425 for an upside target towards Rs 465 levels. Tired of too many ads? Remove Ads The stock rose due to short covering on Friday, said Vipin Kumar, AVP, derivatives and technical research at Globe Capital Market. 'On charts, it is trading on the verge of a fresh breakout from a year-long congestion zone at Rs 10,130-12,396. Considering its current chart structure and derivatives data, we expect the stock to move northward in near term and test Rs 13,500- Rs 14,000 levels,' he said. Kumar suggested traders buy its July futures with a stop loss at Rs 11,400. Indraprastha has given a consolidation breakout on daily and weekly charts with a decisive close above Rs 214 levels, said Taparia. 'The stock has seen support-based buying with addition in option interests, which clearly indicates that longs are being added at current juncture for next move,' he said. Traders can buy Indraprastha contracts with support at Rs 207 for an upside target towards Rs 228. Sudeep Shah, head, technical and derivative research at SBI Securities, said, on daily chart, stock has registered a breakout supported by robust volume participation— signalling strong buying interest. 'This breakout not only validates the underlying strength but also marks shift in sentiment after consolidation,' he said. Shah recommends stock in the zone of Rs 7,320-Rs 7,280 with a stop loss of Rs 7,080, for a target of Rs 7,750. Shah said the stock has recently given a 'stage-2 cup pattern' breakout on a daily scale. 'This breakout is confirmed by robust volume. Currently, the stock is trading above its short and longterm moving averages, and these averages are edging higher, which is a bullish sign,' he said. He recommends accumulating the stock in the zone of `810-`800 with a stop loss of `780, for a target of `870 in the short term. As benchmark indices hit a nine-month high in the last week of June, traders are looking to ride the bullish wave. A look at some of the stock futures that have seen higher-than-average rollovers to the July series and poised to move up Rs 439 Change in Open Interest in July Series: 9% Change in Price in July Series: 4.3%CMP: Rs 12,234 Change in Open Interest in July Series: -2.81% Change in Price in July Series: +1.96%CMP: `299 Change in Open Interest in July Series: -1% Change in Price in July Series: +1.60% Technically, it is well placed on multiple time frames and has bounced back sharply from its price support of `285, said Kumar. 'All the parameters are indicating higher probability of positive momentum in this stock in the near term,' he said. Hence, we suggest traders to go long till it is holding above `284 levels and expect it to test `315-`325 in near term.'CMP: Rs 213.85 Change in Open Interest in July Series: 13% Change in Price in July Series: 3%CMP: Rs 7,305 Change in Open Interest in July Series: 0.38% Change in Price in July Series: 2.71%CMP: Rs 807.35 Change in Open Interest in July Series: -6.28% Change in Price in July Series: 0.34%
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
Investors' wealth surges by ₹12.26 trillion in 4 days of market rally
Equity investors became richer by Rs 12.26 trillion as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent. Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore ($5.38 trillion) in four trading days. "Benchmark indices Nifty and Sensex closed on a firm footing in the green on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent," according to Bajaj Broking market commentary. On Friday, as many as 2,251 stocks advanced, while 1,760 declined and 154 remained unchanged on the BSE. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Bharat Electronics, Hindustan Unilever and Sun Pharma were among the major gainers. In contrast, Trent, Eternal, Tech Mahindra, Axis Bank and Titan were among the laggards. The BSE smallcap gauge climbed 0.54 per cent, and the midcap index went up by 0.38 per cent. Among BSE sectoral indices, oil & gas jumped 1.21 per cent, services (1.17 per cent), power (1.14 per cent), commodities (1.11 per cent), energy (1.10 per cent), utilities (0.99 per cent) and telecommunication (0.90 per cent).
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
Investors' wealth surges by Rs 12.26 trillion in 4 days of market rally
Equity investors became richer by Rs 12.26 trillion as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent. Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore ($5.38 trillion) in four trading days. "Benchmark indices Nifty and Sensex closed on a firm footing in the green on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent," according to Bajaj Broking market commentary. On Friday, as many as 2,251 stocks advanced, while 1,760 declined and 154 remained unchanged on the BSE. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Bharat Electronics, Hindustan Unilever and Sun Pharma were among the major gainers. In contrast, Trent, Eternal, Tech Mahindra, Axis Bank and Titan were among the laggards. The BSE smallcap gauge climbed 0.54 per cent, and the midcap index went up by 0.38 per cent. Among BSE sectoral indices, oil & gas jumped 1.21 per cent, services (1.17 per cent), power (1.14 per cent), commodities (1.11 per cent), energy (1.10 per cent), utilities (0.99 per cent) and telecommunication (0.90 per cent). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
6 days ago
- 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.
