The group's interest in these companies is driven by expectations of a surge in demand as the Indian government continues its infrastructure development initiatives, supported by record capital expenditure.
Amit Gupta of ICICI Direct, in an interview to CNBC-TV18 shared his reading and outlook on Futures and Options (F&O) market and specific stocks.
R K Global has come come out with its report on cement sector. According to the research firm cement utilization is expected to start improving from H2FY’13E onwards as incremental demand is likely to keep pace with the additions in effective capacities.
ACC Cement has posted a whopping 85% rise in its net profit at Rs 159.31 crore for the July-Sept quarter of FY12. Sales also grew 30% at Rs 2283.42 crore.
Goa government has signed a memorandum of understanding (MoU) with ACC Cement company which would consume all its plastic, thermacol and rubber waste, state environment minister Aleixo sequeira said today.
Ambuja Cement’s production in January rose 6.2% year-on-year to 1.84 million tonnes, reported Business Standard, quoting a company release. Despatches during the month rose 5.3% to 1.84 million tonnes.