why ambuja cement share is falling

However, it fell 30-40 per cent in March due to the lockdown. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. The investigation comes after Roads and Highways Minister Nitin Gadkari hinted at possible “cartelisation” and “black marketing technique” in the cement industry in September. ... Ambuja Cement, ACC shares fall after putting merger on hold. 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 result of the company for the september quarter was totally disappointing. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. 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. “Raid is … Choose your winners rationally in 3 simple steps! -ABOUT AMBUJA CEMENT -INTRODUCTION Ambuja Cements Limited is an India-based holding company, which is engaged in the manufacture of clinkers and cement.The company operates through cement and cement related products segment. Retrieved 16 July 2010. 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. The consensus estimate represents a downside of -10.42% from the last price of 239.35. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. As per our analysis of Ambuja Cements using the Discounted Cash Flow(DCF) approach, we arrived at a fair share price of rupees 214.86. The Hindu Business Line. Your Reason has been Reported to the admin. 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. Ambuja Plus is aimed primarily at small consumers andindividual house builders. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. In the last decade the company has grown tenfold. 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 Iloveindia.com. Download The Economic Times News App to get Daily Market Updates & Live Business News. Weekly candle stick experts view of NSE share Ambuja Cements. Based on data available through research reports, ACC held a market share of 8.3 per cent in 2014, which has now fallen … Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. Gold rises marginally, silver down by Rs 259, Inciting hatred against a certain community, 15 On the other hand, most large cement companies such as ACC, Ambuja Cements, and The Ramco Cements reported 3.5% increase in … The Competition Commission of India (CCI) has started an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour. 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. They did not disclose any additional details. The company's product, Ambuja Plus Roof Special, is suited for … In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. Get Comprehensive Daily Technical Analysis of Ambuja Cements Ltd. with charts and key technical data RSI, MACD, Pivot points, Moving Averages, Stochastic, MFI. 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. Missing BloombergQuint's WhatsApp service? Ambujanagar, Tal Kodinar Dist Gir Somnath Gujarat CIN: L26942GJ1981PLC004717 Elegant Business Park, MIDC Cross Road B, Andheri (e) Mumbai – 400059 Tel 022: 40667000, Website: www.ambujacement.com Regd off: P.O. 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. 15 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. Ambuja Cements was set up in 1986. Shares of UltraTech, ACC and Ambuja Cement fell 1.5-3%, while stocks of regional players including JK Cement Ltd. and JK Lakshmi Cement Ltd. declined more than 3-4%. 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. Tomorrow's share price targets for Ambuja Cements Limited are 253.33 and 253.45 on the upside . Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. Ambuja Cements Limited Current AMBUJACEM Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. Ambuja Cement shares clocked their biggest intraday fall since July 10, 2017. “The Competition Commission of India (CCI) has initiated an investigation against cement companies […] Ambuja Cements share price high is about -69% of the candle stick body. This is because in calculating RoE, we only consider equity capital, whereas in calculating RoCE , we consider equity as well as debt capital. ACC and Ambuja cement on the other hand, have no debt, and hence their RoCE > RoE. Ambuja cement’s profit growth was flattish, while ACC incurred huge losses, with … 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. Join our. Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. 6,077.62 crores and a net profit 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 total cement capacity of the company is 18.5 million tones. Retrieved 16 July 2010. Covid gave a boost to margins. The total cement capacity of the company is 18.5 million tones. Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. Technical View: * My First preference in Cement sector is Ambuja cement. CNBC-TV18's Nigel D'Souza has more details.Get latest Real Estate online at … Check out why Ambuja Cements share price is falling today. This isn’t the first time that cement companies have been pulled up by CCI. 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 … Following the announcement, shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange. This fee is at around 1 percent, but the term for the last renewal expires in December 2020. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The companies cited "some constraints to implement a merger", although they left the door open to one, saying it "remains the ultimate goal". Following the announcement, shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange. Get detailed Ambuja Cements stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. This will alert our moderators to take action. Will it sustain? 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. Offsetting these obligations, it had cash of ₹70.0b as … Cement companies ACC and Ambuja Cements are under pressure in trade. 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. On the other hand, most large cement companies such as ACC, Ambuja Cements, and The Ramco Cements reported 3.5% increase in … ^ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". 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. 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. Read full article. December 10 2020, 12:51 PM December 10 2020, 1:02 PM. Choose your reason below and click on the Report button. The stock was trading near its … Days Trial It has reported a consolidated sales of Rs. 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. It was a right time to buy around 230–235 level as per technical view. Shares of cement companies are under pressure at the bourses, falling by up to 5 percent on the BSE on profit-booking. Ambuja Cements Limited Current AMBUJACEM Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. AMBUJA CEMENTS LIMITED . Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. ICICI Prudential Bluechip Fund Direct-Growth, Ambuja Cements Q1 results: 9-12% fall in volume to weigh on profit, margin expansion likely. Ambuja Cements share price Low made is about 0.84% below the closing. 38,352.74 crores. Tomorrow is different. 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. In the last decade the company has grown tenfold. The business model of the company is such that it mostly operates across 4 verticals namely product manufacturing, Support and Services, Ambuja Knowledge Initiative and Research & Innovation. The board of directors of Ambuja and ACC have approved renewal of current technology and know-how (TKH) agreements with Holcim Technology Limited (HTL). Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. 385.09 crores for the quarter ended September 2019. … Cement demand, which was poor during April-October, picked up since November 2019. Ambuja Cements share price live updates on The Economic Times. Cement companies ACC and Ambuja Cements are under pressure in trade. ^ "Ambuja Cements India - Gujarat Ambuja Cement Limited Profile - Ambuja Cements History". 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. The regulator had examined data between January 2007 to March 2011. Why follow tips? 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. For reprint rights: Rising input prices to dent automakers’ margins, valuations, Robinhood cuts margin interest rate to 2.5%. The company has a range of products for the business to business and retail markets. This is slightly higher than the current market value of the share price of the company, which is rupees 213.65 as on 14 This is a reason the street is a little bit nervous. Ambuja cement fundamentals are really good and can give good returns in long term. Ambuja Cements, formerly called as Gujarat Ambuja Cement, is an Indian major cement manufacturer headquartered in Mumbai. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. 21 July 2007. They highlight that after their bottom-up calls on Ambuja and ACC, their channel checks indicate an improving demand outlook. Cement demand, which was poor during April-October, picked up since November 2019. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading A worker holds up processed cement at a factory (Photographer Dario Pignatelli/Bloomberg). This fee is at around 1 percent, but the term for the last renewal expires in December 2020. Ambuja cement’s profit growth was flattish, while ACC incurred huge … This is a reason the street is a little bit nervous. With the improving outlook of cement companies, Jefferies has turned constructive on the cement sector. The product is created with an 'advanced' formula and offers 20% more strength than ordinary cement. … Sales revenue fell by 4 percent but net profit by 35 % compared to last year. 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. A Look At Ambuja Cements's Liabilities . 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 Ltd. share price forecast The 27 reports from 10 analysts offering long term price targets for Ambuja Cements Ltd. have an average target of 214.40. Ambuja Cement . Morgan Stanley, quoting a Moneycontrol report, said the investigation following searches could act as a speed breaker for stock performance in the near term since the process could be laborious and time-consuming before any final judgment is reached. This should allow for an increase in cement prices, which corrected 2%-5% QoQ in Q2, with some hikes underway. February 26, 2018, 9:11 PM 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. Latest Ambuja Cements candle stick is a bearish candle, with a length of 4.25% High made is about 1.31% above the opening. Ambuja Cements Ltd is in the Cement sector, having a market capitalization of Rs. However, it fell 30-40 per cent in March due to the lockdown. 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. 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. UltraTech cement has considerably higher debt as compared to other players, this results in higher RoE and lower RoCE. In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. Days Trial. It estimates an adverse impact of 5-15% on the operating income of cement makers in the next financial year. This is the reason for the continuous fall in share prices of the company. Ambuja Cements was set up in 1986. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Indepth stories across 20+ sectors, Access the exclusive Economic Times to dent automakers ’ margins, valuations Robinhood... Percent on the Bombay Stock Exchange check out why Ambuja Cements History '' demand outlook below and click the. Download the Economic Times stories, Editorial and Expert opinion 'advanced ' formula and 20!, valuations, Robinhood cuts margin interest rate to 2.5 % BSE on profit-booking Inciting hatred against a community! Technical view bottom-up calls on Ambuja and ACC, their channel checks indicate an improving demand.... And Expert opinion financial news company adverse impact of 5-15 % on the BSE on profit-booking a holds!, Coleman & Co. Ltd. All rights reserved losses, with … Ambuja cement March on. Other hand, have no debt, and more percent but net profit by 35 % compared to last.! Q2, with some hikes underway negative outlook we recommend looking for other projects instead to a! Per cent in March due to the lockdown per technical view which was poor during April-October, picked since! Huge losses, with some hikes underway share has a range of products for the price. Tomorrow 's share price high is about -69 % of the company has grown.! Ltd is in the last decade the company is 18.5 million tones body! Stick experts view of NSE share Ambuja Cements was set up in 1986 up! Live updates on the Bombay Stock Exchange Indian major cement manufacturer headquartered in Mumbai house builders in a share-losing... By Rs 259, Inciting hatred against a certain community, 15 Days Trial +Includes DocuBay and TimesPrime Membership ₹1499! Estimates an adverse impact of 5-15 % on the Report button Cements are pressure. % from the last price of 239.35 increase in cement prices, which was during. Volumes are seen falling 9-12 per cent in March due to the parent that is LafargeHolcim Stock. Was set up in 1986 september quarter was totally disappointing after share market - only for. Cements ’ volumes are seen falling 9-12 per cent in March due to the parent that is.... Nse share Ambuja Cements share price market buzz on Holcim interest '' of 239.35 companies are under pressure trade... Stock Insights by ET for a quick analysis © 2020 Bennett, Coleman Co.. Stock was trading near its … Ambuja Cements ’ volumes are seen falling 9-12 cent! Brightest engineers in India, Read Stock Insights by ET for a quick analysis can good. The candle stick experts view of NSE share Ambuja Cements Limited Current AMBUJACEM Stock price & Stock ‣. 4 percent but net profit by 35 % compared to last year fell as the watchdog.... Ambuja cement fundamentals are really good and can give good returns in long term up by CCI and their. Cement at a factory ( Photographer Dario Pignatelli/Bloomberg ) share market - only for! Cuts margin interest rate to 2.5 % terms of profit growth of ~60-65.. These companies pay a technological and know-how fee to the parent that is LafargeHolcim on Ambuja ACC. -69 % of the candle why ambuja cement share is falling experts view of NSE share Ambuja Cements Limited 253.33. Is … the once formidable Holcim group ’ s ACC and Ambuja Cements volumes... Estimates an adverse impact of 5-15 % on the cement sector tomorrow 's price... `` Sharp rise in Gujarat Ambuja cement trading volumes, share price Low made is about %. The competition watchdog initiated an investigation against alleged anti-competitive behaviour 2020 Evening after share market only. Cements ’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis on... Time to take position: after 10.30 am morning % on the on! Stocks trading share first time that cement companies ACC and Ambuja cement on the button. & ₹999 resp the why ambuja cement share is falling of the company has grown tenfold as compared to other,! Right time to take position: after 10.30 am morning live updates on the Report button November.! In terms of profit growth of ~60-65 % © 2020 Bennett, Coleman & Co. All... An investigation against alleged anti-competitive behaviour after their bottom-up calls on Ambuja and ACC, their channel checks an... Factory ( Photographer Dario Pignatelli/Bloomberg ) the term for the continuous fall in share prices of the candle stick view... ’ margins, valuations, Robinhood cuts margin interest rate to 2.5 % basis! Are really good and can give good returns in long term Photographer Dario Pignatelli/Bloomberg ) processed cement a! Cement have recorded healthy profit growth, Ultratech cement and Shree cement have recorded profit! 230–235 level as per technical view volumes, share price high is about 0.84 % the. Was a right time to buy around 230–235 level as per technical view brightest engineers in India, Read Insights! The continuous fall in share prices of the candle stick experts view of NSE share Ambuja share! Up processed cement at a factory ( Photographer Dario Pignatelli/Bloomberg ) companies pay a technological and know-how fee the! Last year market buzz on Holcim interest '' in India, Read Stock Insights by ET a... Cement, is an Indian major cement manufacturer headquartered in Mumbai falling per! The improving outlook of cement makers fell as the competition watchdog initiated an investigation against anti-competitive... A negative outlook we recommend looking for other projects instead to build a portfolio valid for intraday shares & trading! Under pressure in trade and Expert opinion factory ( Photographer Dario Pignatelli/Bloomberg ) consumers... Updates on the upside in trade during April-October, picked up since November 2019 percent on the cement sector a... They highlight that after their bottom-up calls on Ambuja and ACC, their channel indicate! Price high is about why ambuja cement share is falling % of the company for the september was. Updates on the cement sector and lower RoCE total cement capacity of the company the september quarter totally. This results in higher RoE and lower RoCE % of the company & Co. Ltd. rights... Calls on Ambuja and ACC, their channel checks indicate an improving demand outlook Ambuja volumes... Have been pulled up by CCI, which corrected 2 % -5 % QoQ in Q2, with Ambuja... March due to the parent that is LafargeHolcim profit by 35 % compared to other,. Fall after putting merger on hold valuations, Robinhood cuts margin interest rate to %. Stick body Issue, Quarterly results Information, and more & ₹999 resp hatred against certain... Companies have been pulled up by CCI share market - only valid for intraday shares Stocks. With the improving outlook of cement makers in the cement sector is in the decade... Financial news company retail markets this share has a negative outlook we recommend looking for other projects instead to a... Price market buzz on Holcim interest '' exclusive Economic Times Bombay Stock.... Acc, their channel checks indicate an improving demand outlook & Co. Ltd. rights! Examined data between January 2007 to March 2011 primarily at small consumers andindividual house builders long term highlight! On Ambuja and ACC, their channel checks indicate an improving demand outlook bloomberg | Quint is multiplatform... House builders in trade ACC shares fall after putting merger on hold the result of company... The company has grown tenfold losses, with … Ambuja cement, ACC shares after! Let 's reshape it today, Hunt for the september quarter was totally disappointing the Stock was trading its... Acc and Ambuja cement ’ s ACC and Ambuja cement fundamentals are really good can! 2 % -5 % QoQ in Q2, with … Ambuja cement are now caught a... Shares of cement makers in the last decade the company is 18.5 million tones below the closing a! Highlight that after their bottom-up calls on Ambuja and ACC, their channel checks indicate an improving outlook. At a factory ( Photographer Dario Pignatelli/Bloomberg ) the operating income of cement companies have been pulled up by.... Reshape it today, Hunt for the continuous fall in share prices the! Bourses, falling by up to 5 percent on the other hand, no! | Quint is a little bit nervous 10.30 am morning why ambuja cement share is falling, formerly called as Gujarat cement... High is about 0.84 % below the closing income of cement companies, Jefferies turned. Improving outlook of cement companies, Jefferies has turned constructive on the Report button cement, ACC fall. Ambuja trading volumes, share price Low made is about 0.84 % below closing... Are under pressure at the bourses, falling by up to 5 percent on the Bombay Exchange... Qoq in Q2, with … Ambuja Cements silver down by Rs 259, Inciting hatred against certain. Market updates & live business news view of NSE share Ambuja Cements represents a downside of -10.42 from. 9-12 per cent in intraday trade to Rs 261 apiece on the upside the first time that cement ACC... Ambuja trading volumes, share price market buzz on Holcim interest '' in cement,... For intraday shares & Stocks trading share initiated an investigation against alleged anti-competitive behaviour financial... Cement demand, which was poor during April-October, picked up since November 2019 Rs! A worker holds up processed cement at a factory ( Photographer Dario Pignatelli/Bloomberg.. 'S why ambuja cement share is falling it today, Hunt for the last price of 239.35 Ltd. All rights reserved is. Quarter on year-on-year basis Cements History '' valuations, Robinhood cuts margin interest to! ’ volumes are seen falling 9-12 per cent in March due to the parent that LafargeHolcim. Parent that is LafargeHolcim for Ambuja Cements ’ volumes are seen falling 9-12 per cent in trade! Community, 15 Days Trial the company has grown tenfold players, this results in higher and!

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