Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
Germany's Heidelberg owns 69.39 percent of HeidelbergCement India, which is listed on the local stock exchanges
HeidelbergCement India's potential acquisition is expected to significantly boost Ambuja’s production capacity from the current 89 million tonnes, as the Adani group firm targets a capacity of 140 million tonnes by 2028.
In the March quarter, HeidelbergCement’s sales volume was up 4 per cent to 1,233 KT. Total income of HeidelbergCement was also marginally down in the March quarter at 610.35 crore.
Its revenue from operation was flat at Rs 540.12 crore during the quarter under review as against Rs 544.52 crore in the corresponding quarter previous fiscal.
The company had reported a net profit of Rs 62.4 crore in the July-September quarter of the last year, HeidelbergCement India said in a BSE filing.