ACC Q3 Results Review – Profitability Hit By Cost Pressures: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.   ACC Ltd.’s Q3 CY22 Ebitda of Rs 164 million (down 98% YoY), almost … Read more

Sensex, Nifty Set To Open Higher; ACC, Ambuja, ONGC, Vedanta, Adani Group, RIL In Focus

Sensex, Nifty Set To Open Higher; ACC, Ambuja, ONGC, Vedanta, Adani Group, RIL In Focus Investors will head into the week fearing more pain after India’s stock benchmarks logged their worst week since the week-ended June 17, 2022, predominantly due to sharp slide on Friday. The indices tracked a drop in global equities, as the … Read more

Ambuja Cements Leads Gains In Cement Stocks As Nirmal Bang Turns ‘Positive’ On Sector

Shares of Ambuja Cements Ltd. gained after the company said it would consider a fundraising proposal. “A meeting of the board of directors of Ambuja Cements is scheduled to be held on Sept. 16, 2022 inter-alia, to consider and evaluate proposal for raising of funds by way of issue of equity shares, convertibles and / … Read more

ACC Shares Fall Most In Six Weeks As Analysts Cut Target After Q2 Miss

Shares of ACC Ltd. fell the most in six weeks after analysts cut target price after the second quarter on account of operating profit missing estimates as costs surged, and slower volume growth and lower risk-reward than peers. Net income of the cement maker—that follows calendar year as its fiscal—slumped 60% over the year earlier … Read more

Adani Family To Acquire Ambuja-ACC In A $10.5 Billion Deal

Billionaire Gautam Adani will acquire cement companies Ambuja Cements Ltd. and ACC Ltd. held by Holcim. The Adani Family, via an offshore special purpose vehicle, has entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two cement companies, said Adani group in a statement. The value for the Holcim stake … Read more

ONGC, Voltas, NHPC, Sobha And More Q3 Reviews: HDFC Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. HDFC Securities Institutional Equities Oil and Natural Gas Ltd. – our optimism on ONGC … Read more