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Indian markets trade positively
Mon, 31 Aug 11:30 am

After opening the day in the red, the Indian Markets have moved upwards and are trading positively. Sectoral indices are trading on a mixed note with stocks from the pharma and energy sectors leading the gains. However auto stocks are witnessing selling pressure.

The BSE-Sensex is trading up 50 points (up 0.2%) and the NSE-Nifty is trading up 26 points (up 0.3%). The S&P BSE Midcap index is trading up by 0.5% while the S&P BSE Smallcap index is trading up 0.3%. The rupee is trading at 66.29 to the US dollar.

Cement stocks are trading mixed with Heidelberg Cement and Ambuja Cement witnessing maximum buying interest. As per an article in Economic Times, Ultra Tech Cement is all set to take its capacity to 71.2 million tonne per annum (MTPA) by March 31 next year on the back of ongoing projects and recent acquisitions. The directors of the company have approved the acquisition of the cement units of Jaiprakash Associates Limited which are situated at Bela and Sidhi in Madhya Pradesh. With this an additional capacity of 4.9 MTPA and thermal power generation capacity of 180 MW will be added. Further, the company has augmented its captive power capacity with the commissioning of 50 MW of thermal power plants and 22.5 MW through waste heat recovery. Stock of Ultra Tech Cement is trading flat.

Stocks in the engineering space are also trading on a mixed note with Voltas and Alstom Projects leading the losses. L&T Construction's Water & Effluent Treatment Strategic Business Group, a subsidiary of Larsen & Toubro (L&T), has won turnkey orders worth Rs 14.8 bn in August 2015. These were in three packages, from Public Health Engineering Department, Ajmer, under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Nagaur). The projects are funded by Japan International Cooperation Agency (JICA) and are aimed at providing potable water to 986 villages, seven urban towns in Nagaur district, 111 villages and 2 towns of Bikaner district in Rajasthan. Scrip of L&T is trading up by 0.4% on the BSE.

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Views on News

JK CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 73.2% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, JK CEMENT has posted a net profit of Rs 2 bn (up 73.2% YoY). Sales on the other hand came in at Rs 18 bn (up 25.3% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.

SHREE CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 102.0% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, SHREE CEMENT has posted a net profit of Rs 6 bn (up 102.0% YoY). Sales on the other hand came in at Rs 33 bn (up 16.2% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

JK CEMENT 2019-20 Annual Report Analysis (Annual Result Update)

Dec 1, 2020 | Updated on Dec 1, 2020

Here's an analysis of the annual report of JK CEMENT for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of JK CEMENT. Also includes updates on the valuation of JK CEMENT.

ACC 2018-19 Annual Report Analysis (Annual Result Update)

Oct 20, 2020 | Updated on Oct 20, 2020

Here's an analysis of the annual report of ACC for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ACC . Also includes updates on the valuation of ACC .

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