Reliance Securities is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 150 in its research report dated June 06, 2017.
ICICI Direct is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 145 in its research report dated May 26, 2017.
Stocks in news | ITC | Sun Pharma | Britannia | Cipla | NMDC | Fortis Healthcare | Renaissance Jewellery | Lypsa Gems | ITI | Max Ventures | VA Tech Wabag | Tata Power | Infosys | NALCO | Dr Reddys Laboratories and UPL are stocks, which are in news today.
However, SP Tulsian, CEO at sptulsian.com finds it difficult to comment whether sugar stocks will hit their previous highs or not but majority of the stocks in this space will post record bottom-line.
Competition Commission of India has approved German firm Heidelberg Cement's proposed acquisition of Italcementi SpA. Heidelberg and the Italian company are into the business of cement and building materials. In July, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about 3.7 billion euros.
The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
Coal India | TCS | HDFC Bank | Corporation Bank | JSW Steel | Heidelberg Cement | Alstom T&D | Wheels India | Siemens India | Coromandel International | Canara Bank | Gujarat NRE Coke | Apollo Hospital | M&M | Speciality Restaurant | Bharti Airtel and 3i Infotech are stocks, which are in the news today.
GSK Pharma | Coal India | Tilaknagar Industries | Accel Frontline | Tech Mahindra | Heidelberg Cement | Wheels India | Clariant Chemicals | Polaris Financial | Essar Ports | GMR Infrastructure | Torrent Pharma | Kingfisher | Tata Motors | HPCL and ONGC are stocks, which are in the news today.
Here's how small cap stocks opened on October 17
TCS | ONGC | Kalindee Rail | Castrol India | Bajaj Holdings | Heidelberg Cement | Bharti Airtel | Idea Cellular | Development Credit Bank | Bajaj Auto | Mindtree | Blue Dart | PFC | Hindustan Zinc and Hindalco are stocks, which are in the news today.
Heidelberg Cement India recently sold its grinding unit in Raigard to JSW Steel. The company currently has a little over five million tonnes per annum cement-making capacity.
The two companies signed the Business Transfer Agreements for the acquisition on October 5. JSW Steel had acquired the company through its now merged associate firm JSW Ispat Steel.
Heidelberg Cement swung into Rs 8 crore loss during Q1 from Rs 19 crore profit it posted in the year-ago period.Total expenses of the company also increased to Rs 352.97 crore from Rs 275.75 crore a year ago, mainly due to costlier raw materials, power and fuel costs and freight charges.
Heidelberg Cement's freight cost went up 40 percent Y-o-Y Rs to 567 crore, power and fuel cost shot up to Rs 1036 crore from Rs 776 crore in June quarter
Amid speculations of likely depression in cement prices due to early arrival of monsoon, Heidelberg Cement told CNBC-TV18 today that the company had raised cement prices by Rs 2-5 per 50kg bg in some markets.
Pankaj Jain of Sunteck Wealthmax advised buying BF Utilities with a target price of Rs 316. Meanwhile, Aashish Tater of FortuneWizard.com recommended going short in Oracle Financial Services with a target price of Rs 2300.
Heidelberg Cement India today decided to sell its 0.6 million tonnes per annum (mtpa) cement grinding facility in Raigad to JSW Group "as a going concern on slump sale basis" for an undisclosed sum.
Pankaj Jain of Sunteck Wealthmax is bullish on Voltas, IVRCL, BEML and Heidelberg Cement.
CNBC-TV18's Kritika Saxena, quoting sources, reports that Heidelberg Cement may divest minority stake of 12 percent in its Indian arm and Bain Capital has estimated the stake at a premium of 80 percent of the market price.
Heidelberg Cement expects its interest and depreciation cost to go higher from current levels on account of a new project it has initiated. The firm has last month said that it is constructing cement mill in Ghana with an USD $ 30 million.
Holcim-owned Ambuja Cements is likely to post around 22 percent rise in its March quarter (Q1CY13) profit to Rs 380 crore, states a CNBC-Tv18 poll.
ACC's March quarter (Q1CY13) profit is likely to climb more than two fold to Rs 325 crore year-on-year, despite marginal recovery in demand, states a CNBC-TV18 poll.
Heidelberg Cements has hiked cement prices by Rs 10 on a 50 kg bag on an average in west and central India. The hike was long overdue due to a prolonged slack season, says Ashish Guha, CEO and MD of the company.
SP Tulsian of sptulsian.com advice traders to book profit in L&T Finance and Tata Coffee.
Heidelberg Cement and India Cement are excellent bets in the cement space, says PN Vijay, Portfolio Manager, askpnvijay.com.