Revathi Equip, Onward Tech, Hardwyn India, Andhra Cements and Kingfa Science Tech, hit their fresh 52-week highs at 11:06AM.

Stock market update: Stocks that hit 52-week highs on NSE

Sagar Cements will be commissioning the clinker line of Andhra Cements Ltd (ACL), which it acquired last year, in the middle of the current quarter, according to its Joint Managing Director Sreekanth Reddy.

Sagar Cements to commission clinker line of ACL soon, to invest ₹458 crore in upgradation

The acquisition of Andhra Cements will allow Sagar Cements to further solidify its foothold in the Southern regions.

Sagar Cements - Andhra Acquisition Aids To Reach 10 Mtpa Capacity: Nirmal Bang

Andhra Cements fixes record date for reduction of capital

Amravati Bench of the National Company Law Tribunal has recently approved a proposal of Sagar Cements to acquire Andhra Cements

Sagar Cements to add 2.6 mt cement capacity with acquisition of Andhra Cements

Sagar Cements estimates the acquisition cost at $56 per tonne, including upgradation. It said the cost is competitive and will help Sagar Cements create value for its stakeholders in the coming years.

Sagar Cements shares rally 14% as co gets NCLT nod to acquire Jaypee Group’s Andhra Cements

It is financially prepared to fund the acquisition

Sagar Cements emerges successful bidder to acquire Andhra Cements

“Accordingly, the plan submitted by Sagar Cements Ltd (SCL) has been approved by the CoC and a Letter of Intent has been shared with SCL for their acceptance dated January 13, 2023,” it said. Though the filing has not disclosed the bid amount, according to reports, Dalmia Cement (Bharat) and SCL wer…

Sagar Cements to acquire Andhra Cements

Buzzing stocks: REC, Sun Pharma, Piramal Pharma, Granules, Aster DM, RattanIndia Enterprises, Karnataka Bank, Bank of India, Waaree Renewable, Indian Wood Products, Brigade Enterprises, Eris Lifesciences, 7V18 Broadcast, Sagar Cements, Andhra Cements

Stocks that will see action today — January 16, 2023

Also identifies one more asset for possible acquisition

Andhra Cements buy: Sagar sees NCLT decision by end of Q3

Jaypee-owned firm undergoing bankruptcy process

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements

The creamy layer - amongst the top performing stocks

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Andhra Cements Limited is a cement manufacturing company engaged in the manufacture and sale of cement, including Ordinary Portland Cement, Portland Pozolana Cement, Portland Slag Cement and Ground Granulated Blast Slag.