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. Ambuja Cements Limited Current AMBUJACEM Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. 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. Offsetting these obligations, it had cash of ₹70.0b as … Ambuja Cements share price high is about -69% of the candle stick body. The Hindu Business Line. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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. 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. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. They did not disclose any additional details. 385.09 crores for the quarter ended September 2019. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Covid gave a boost to margins. 6,077.62 crores and a net profit of Rs. This fee is at around 1 percent, but the term for the last renewal expires in December 2020. Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. Following the announcement, shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange. Retrieved 16 July 2010. In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. This isn’t the first time that cement companies have been pulled up by CCI. The Competition Commission of India (CCI) has started an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. “The Competition Commission of India (CCI) has initiated an investigation against cement companies […] Ambuja Cements Limited Current AMBUJACEM Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. Cement companies ACC and Ambuja Cements are under pressure in trade. Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Ambuja Plus is aimed primarily at small consumers andindividual house builders. The company has a range of products for the business to business and retail markets. 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. 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. Retrieved 16 July 2010. Ambuja Cements share price live updates on The Economic Times. 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, formerly called as Gujarat Ambuja Cement, is an Indian major cement manufacturer headquartered in Mumbai. 15 Ambuja Cement shares clocked their biggest intraday fall since July 10, 2017. On the other hand, most large cement companies such as ACC, Ambuja Cements, and The Ramco Cements reported 3.5% increase in … The regulator had examined data between January 2007 to March 2011. However, it fell 30-40 per cent in March due to the lockdown. ^ "Ambuja Cements India - Gujarat Ambuja Cement Limited Profile - Ambuja Cements History". They highlight that after their bottom-up calls on Ambuja and ACC, their channel checks indicate an improving demand outlook. The consensus estimate represents a downside of -10.42% from the last price of 239.35. 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. Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. A Look At Ambuja Cements's Liabilities . The investigation comes after Roads and Highways Minister Nitin Gadkari hinted at possible “cartelisation” and “black marketing technique” in the cement industry in September. 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. In terms of profit growth, Ultratech cement and Shree Cement have recorded healthy profit growth of ~60-65%. The stock was trading near its … Shares of cement companies are under pressure at the bourses, falling by up to 5 percent on the BSE on profit-booking. Will it sustain? Ambuja cement’s profit growth was flattish, while ACC incurred huge … AMBUJA CEMENTS LIMITED . In the last decade the company has grown tenfold. 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. 38,352.74 crores. Ambujanagar, Tal Kodinar Dist Gir Somnath Gujarat CIN: L26942GJ1981PLC004717 Gold rises marginally, silver down by Rs 259, Inciting hatred against a certain community, 15 This fee is at around 1 percent, but the term for the last renewal expires in December 2020. Ambuja Cements was set up in 1986. ACC and Ambuja cement on the other hand, have no debt, and hence their RoCE > RoE. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. share. It estimates an adverse impact of 5-15% on the operating income of cement makers in the next financial year. 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. Cement demand, which was poor during April-October, picked up since November 2019. Ambuja Cement . 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. December 10 2020, 12:51 PM December 10 2020, 1:02 PM. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading “Raid is … Check out why Ambuja Cements share price is falling today. 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. Sales revenue fell by 4 percent but net profit by 35 % compared to last year. This will alert our moderators to take action. Why follow tips? Ambuja Cements was set up in 1986. Counter Market Strategie Ambuja Cements Ltd, has launched Ambuja Plus, a cement product on 17th September 2014, in the State of Gujarat. CNBC-TV18's Nigel D'Souza has more details.Get latest Real Estate online at … Days Trial Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. The result of the company for the september quarter was totally disappointing. Tomorrow is different. Ambuja Cements share price Low made is about 0.84% below the closing. It was a right time to buy around 230–235 level as per technical view. In the last decade the company has grown tenfold. The product is created with an 'advanced' formula and offers 20% more strength than ordinary cement. Get detailed Ambuja Cements stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. 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. 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. 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. A worker holds up processed cement at a factory (Photographer Dario Pignatelli/Bloomberg). The Competition Commission of India has initiated an investigation against ACC Ltd. and Ambuja Cements Ltd., the two companies said in their exchange filings. Cement demand, which was poor during April-October, picked up since November 2019. It has reported a consolidated sales of Rs. For reprint rights: Rising input prices to dent automakers’ margins, valuations, Robinhood cuts margin interest rate to 2.5%. Tomorrow's share price targets for Ambuja Cements Limited are 253.33 and 253.45 on the upside . Following the announcement, shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange. Join our. 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. Technical View: * My First preference in Cement sector is Ambuja cement. Ambuja cement’s profit growth was flattish, while ACC incurred huge losses, with … Read full article. This is because in calculating RoE, we only consider equity capital, whereas in calculating RoCE , we consider equity as well as debt capital. 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%. Elegant Business Park, MIDC Cross Road B, Andheri (e) Mumbai – 400059 Tel 022: 40667000, Website: www.ambujacement.com Regd off: P.O. Ambuja cement fundamentals are really good and can give good returns in long term. The companies cited "some constraints to implement a merger", although they left the door open to one, saying it "remains the ultimate goal". This is the reason for the continuous fall in share prices of the company. 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 -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. ... Ambuja Cement, ACC shares fall after putting merger on hold. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The board of directors of Ambuja and ACC have approved renewal of current technology and know-how (TKH) agreements with Holcim Technology Limited (HTL). The total cement capacity of the company is 18.5 million tones. This is slightly higher than the current market value of the share price of the company, which is rupees 213.65 as on 14 21 July 2007. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. 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. … This should allow for an increase in cement prices, which corrected 2%-5% QoQ in Q2, with some hikes underway. Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading 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. Weekly candle stick experts view of NSE share Ambuja Cements. Choose your reason below and click on the Report button. Missing BloombergQuint's WhatsApp service? 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. 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 has considerably higher debt as compared to other players, this results in higher RoE and lower RoCE. February 26, 2018, 9:11 PM Cement companies ACC and Ambuja Cements are under pressure in trade. Your Reason has been Reported to the admin. Iloveindia.com. … Days Trial. Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. ^ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". This is a reason the street is a little bit nervous. Get Comprehensive Daily Technical Analysis of Ambuja Cements Ltd. with charts and key technical data RSI, MACD, Pivot points, Moving Averages, Stochastic, MFI. 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. This is a reason the street is a little bit nervous. 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 … 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. With the improving outlook of cement companies, Jefferies has turned constructive on the cement sector. Based on data available through research reports, ACC held a market share of 8.3 per cent in 2014, which has now fallen … 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. Latest Ambuja Cements candle stick is a bearish candle, with a length of 4.25% High made is about 1.31% above the opening. 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. The total cement capacity of the company is 18.5 million tones. On the other hand, most large cement companies such as ACC, Ambuja Cements, and The Ramco Cements reported 3.5% increase in … 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. Bloomberg | Quint is a multiplatform, Indian business and financial news company. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. The company's product, Ambuja Plus Roof Special, is suited for … Ambuja Cements Ltd is in the Cement sector, having a market capitalization of Rs. Choose your winners rationally in 3 simple steps! However, it fell 30-40 per cent in March due to the lockdown. 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