In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. ^ "Ambuja Cements India - Gujarat Ambuja Cement Limited Profile - Ambuja Cements History". Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. Based on data available through research reports, ACC held a market share of 8.3 per cent in 2014, which has now fallen … The companies cited "some constraints to implement a merger", although they left the door open to one, saying it "remains the ultimate goal". The latest balance sheet data shows that Ambuja Cements had liabilities of ₹84.4b due within a year, and liabilities of ₹13.4b falling due after that. Latest Ambuja Cements candle stick is a bearish candle, with a length of 4.25% High made is about 1.31% above the opening. Having failed to keep pace with the industry growth rate, the two cement companies have also shied away from infrastructure contracts, where demand is growing. Offsetting these obligations, it had cash of ₹70.0b as … Ambuja cement’s profit growth was flattish, while ACC incurred huge … Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. Ambuja Cement . Shares of large cement players such as UltraTech Cement, The Ramco Cement, Shree Cement, and Ambuja Cements tumbled 2-5 per cent on Thursday following news that the Competition Commission of India (CCI) conducted searches at the companies on allegations of price cartelisation. … Having failed to keep pace with the industry growth rate, the two cement companies have also shied away from infrastructure contracts, where demand is growing. The stock was trading near its … Days Trial This fee is at around 1 percent, but the term for the last renewal expires in December 2020. This will alert our moderators to take action. However, it fell 30-40 per cent in March due to the lockdown. According to Morgan Stanley, the development could delay potential cement price hike and any such delays would hurt pricing assumptions for FY22 because it would be difficult for companies to cover pricing in the following quarters in view of large new capacity additions and seasonality. Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour.The Competition Commission of India has initiated an investigation against ACC Ltd. and Ambuja Cements Ltd., the two companies said in their exchange filings. Our Ai stock analyst implies that there will be a negative trend in the future and the Ambuja Cements Ltd shares are not a good investment for making money. The board of directors of Ambuja and ACC have approved renewal of current technology and know-how (TKH) agreements with Holcim Technology Limited (HTL). Gold rises marginally, silver down by Rs 259, Inciting hatred against a certain community, 15 Reuters reported citing unnamed people that searches were also conducted at offices of UltraTech Cement Ltd. BloombergQuint awaits response to queries emailed to Atul Daga, chief financial officer at UltraTech. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. They highlight that after their bottom-up calls on Ambuja and ACC, their channel checks indicate an improving demand outlook. The investigation comes after Roads and Highways Minister Nitin Gadkari hinted at possible “cartelisation” and “black marketing technique” in the cement industry in September. Cement companies ACC and Ambuja Cements are under pressure in trade. The product is created with an 'advanced' formula and offers 20% more strength than ordinary cement. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Join our. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Ambuja cement fundamentals are really good and can give good returns in long term. The consensus estimate represents a downside of -10.42% from the last price of 239.35. ACC and Ambuja Cement share prices: With renewal of the TKH with Holcim, the concern about a higher fee and an overhang on the stock price is likely to go away. Will it sustain? Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Iloveindia.com. Cement companies ACC and Ambuja Cements are under pressure in trade. The company's product, Ambuja Plus Roof Special, is suited for … Retrieved 16 July 2010. More share price targets here - Intraday, weekly and monthly price targets Short-term, Long-term forecast for Ambuja Cements Limited NEWS for Ambuja Cements Limited ... Ambuja Cement, ACC shares fall after putting merger on hold. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour. Your Reason has been Reported to the admin. Ambuja Plus is aimed primarily at small consumers andindividual house builders. Check out why Ambuja Cements share price is falling today. Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. Ultratech Cement and Shree Cement responded by reducing cost of operations by over 2% over the past year by operating their plants on multiple fuels. Retrieved 16 July 2010. It has reported a consolidated sales of Rs. Counter Market Strategie Ambuja Cements Ltd, has launched Ambuja Plus, a cement product on 17th September 2014, in the State of Gujarat. The Competition Commission of India has initiated an investigation against ACC Ltd. and Ambuja Cements Ltd., the two companies said in their exchange filings. Ambuja Cement Ltd slid as much as 4.8 percent and ACC Ltd fell as much as 2.2 percent after the companies said late on Monday that they were putting on hold a proposed merger. The Competition Commission of India has ordered a fresh investigation into cartelisation in the cement industry, even as the penalty of Rs 6,300 crore levied on 11 cement … Ambuja Cements share price Low made is about 0.84% below the closing. “Raid is … 21 July 2007. The fact that UltraTech Cement and Shree Cement have been adding capacity by over 20% via organic and inorganic routes gives them an edge over Ambuja Cement. On the other hand, most large cement companies such as ACC, Ambuja Cements, and The Ramco Cements reported 3.5% increase in … In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. For reprint rights: Rising input prices to dent automakers’ margins, valuations, Robinhood cuts margin interest rate to 2.5%. A Look At Ambuja Cements's Liabilities . ^ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". Both the Holcim group subsidiaries, however, said that they have acted in compliance with competition laws and are fully cooperating with the investigation and providing all necessary information to the authorities. This isn’t the first time that cement companies have been pulled up by CCI. The total cement capacity of the company is 18.5 million tones. The result of the company for the september quarter was totally disappointing. Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour.The Competition Commission of India has initiated an investigation against ACC Ltd. and Ambuja Cements Ltd., the two companies said in their exchange filings. share. The company has a range of products for the business to business and retail markets. Choose your winners rationally in 3 simple steps! Sales revenue fell by 4 percent but net profit by 35 % compared to last year. 6,077.62 crores and a net profit of Rs. UltraTech cement has considerably higher debt as compared to other players, this results in higher RoE and lower RoCE. Ambuja Cements was set up in 1986. Ambuja Cement Ltd slid as much as 4.8 percent and ACC Ltd fell as much as 2.2 percent after the companies said late on Monday that they were putting on hold a proposed merger. It was a right time to buy around 230–235 level as per technical view. Ambuja Cements share price live updates on The Economic Times. Get detailed Ambuja Cements stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. The total cement capacity of the company is 18.5 million tones. In 2012, the competition watchdog had found 10 cement manufacturers guilty of cartelisation under Section 3 of the Competition Act that prohibits anti-competitive agreements. Shares of large cement players such as UltraTech Cement, The Ramco Cement, Shree Cement, and Ambuja Cements tumbled 2-5 per cent on Thursday following news that the Competition Commission of India (CCI) conducted searches at the companies on allegations of price cartelisation. ICICI Prudential Life Q4 results: Profit declines 31.3% YoY, Q4 preview: Chemicals to maintain high ground despite the Covid-19 hit, Mindtree sees weakness in the new fiscal due to Covid-19 pandemic, Damaged screens making you switch, facts you must know. Ambuja cement’s profit growth was flattish, while ACC incurred huge losses, with … Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. This is slightly higher than the current market value of the share price of the company, which is rupees 213.65 as on 14 Prabhudas Lilladher is bullish on Ambuja Cement has recommended buy rating on the stock with a target price of Rs 285 in its research report dated October 23, 2020. Get Comprehensive Daily Technical Analysis of Ambuja Cements Ltd. with charts and key technical data RSI, MACD, Pivot points, Moving Averages, Stochastic, MFI. Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Why follow tips? Earlier in the day, ACC and Ambuja Cements in a regulatory filing said "the CCI has initiated an investigation against cement companies in India including them for … However, it fell 30-40 per cent in March due to the lockdown. The Competition Commission of India (CCI) has started an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour. They did not disclose any additional details. Weekly candle stick experts view of NSE share Ambuja Cements. Technical View: * My First preference in Cement sector is Ambuja cement. Choose your reason below and click on the Report button. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Cement demand, which was poor during April-October, picked up since November 2019. 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