[ad_1] India’s largest cement manufacturer UltraTech Cement Ltd. shared more details about its cables and wires foray on Friday, putting the spotlight on the stock yet again after a sharp sell-off on Thursday and Friday. UltraTech’s ₹1,800 crore planned foray into the cables and wires space led to a loss of nearly $4 billion in […]
UltraTech’s entry into cables and wires may impact RR Kabel, Finolex: Elara Capital – CNBC TV18
[ad_1] The entry of Aditya Birla Group’s flagship company, Ultratech Cement, into the cables and wires sector may impact existing players such as RR Kabel and Finolex Cables, according to Harshit Kapadia, Vice President-Analyst at Elara Capital. “If we get a sense from the Ultratech itself, then we get an intention of how aggressive they can […]
Wires and Cables stocks lose $3.6 billion on UltraTech’s $200 million foray – CNBC TV18
[ad_1] Shares of India’s five wires and cables companies – Polycab India Ltd., Havells India Ltd., KEI Industries Ltd., Finolex Cables Ltd. and RR Kabel Ltd. have lost over ₹33,000 crore ($3.8 billion) in market capitalisation on Thursday, February 27, after India’s largest cement company, UltraTech Cement, announced a foray into the segment. Shares of […]
Polycab, Havells, KEI and other wires and cable stocks should be on your radar today; Here’s why – CNBC TV18
[ad_1] Wires and Cable stocks like Polycab Ltd., Havells India Ltd., KEI Industries Ltd., RR Kabel Ltd. and Finolex Cables Ltd. should be in focus on Thursday, February 27, after India’s largest cement company, UltraTech Cement Ltd., announced a foray into this space on Tuesday. UltraTech Cement on Tuesday announced that it proposes to extend […]
Trade Setup for February 27: Will the Nifty give up everything it had gained since June 2024? – CNBC TV18
[ad_1] You know you are in an uncertain, dodgy market when nobody is willing to go in with positions, either long or short, before a mid-week holiday, ahead of a monthly expiry. That is exactly what transpired on Tuesday for the Nifty, which had an extremely lacklustre trading session, but stuck to the template, defending […]
UltraTech shares can see nearly 20% upside as analysts raise target price after Q3 results beat – CNBC TV18
[ad_1] UltraTech shares have the potential to rally 18%, brokerage firm Equirus said on January 24, a day after the Aditya Birla Group cement making company reported its results for the October to December 2024 quarter. Even as Q3 profit declined, the firm beat CNBC-TV18 poll estimates across parameters. Company Value Change %Change In a […]
Sensex Bull Case at 1,05,000 by December 2025 for Morgan Stanley; focus list shares upside up to 50% – CNBC TV18
[ad_1] 1 / 15 Brokerage firm Morgan Stanley’s bull case scenario expects the BSE Sensex index to hit levels of 1,05,000 by the end of this year itself. The brokerage has assigned a 30% probability for this scenario to play out. 2 / 15 For the bull case, Morgan Stanley expects oil prices to remain […]
UltraTech shares timeline for India Cements open offer — Details here – CNBC TV18
[ad_1] UltraTech Cements Ltd., India’s largest cement company informed the exchanges on Friday that its Open Offer to acquire another 6.7% stake in India Cements will open on September 19. The Open Offer will close on October 3, 2024, UltraTech said in an exchange filing. Last week, UltraTech had announced that it will acquire the […]
Trade Setup for July 29: Will the Nifty finally cross 25,000 led by a revival in banks? – CNBC TV18
[ad_1] On Friday morning, we had asked the question that even as the dips have been bought into every single session of the week, but do the bulls have the conviction and the strength to take the Nifty back towards levels seen on July 19, which was above the mark of 24,800? Well, if the […]
UltraTech board meet today to approve India Cements’ acquisition – CNBC TV18
[ad_1] Aditya Birla Group’s UltraTech Cement is likely to acquire India Cements by buying out promoter stake, sources suggest that Ultratech Cement’s board is likely to meet on July 28 to approve acquisition. Ultratech will buy N Srinivasan’s 28.42% stake in India Cements, increasing its stake to 51%. The deal will trigger an open offer […]