Finance Minister Sitharaman’s Rs 15,000 crore Amaravati support announcement led to a surge in Andhra stocks, benefiting KCP and Andhra Cements.

Andhra stocks climb up to 12% in two days after Rs 15,000 crore allocation for Amaravati in Budget; KCP top gainer

Shares of Andhra-related stocks rose following Finance Minister Nirmala Sitharaman’s pledge of Rs 15,000 crore support for Amaravati. Various companies such as Andhra Cements, Likitha Infrastructure, and KCP witnessed notable increases in their stock prices.

Budget 2024: Andhra stocks gain up to 5% after Rs 15,000 crore support for Amaravati

Earnings

Andhra Cements reports standalone net loss of Rs 23.59 crore in the June 2024 quarter

The buoyant industry landscape is fueled by strong demand, supported by the government’s continued emphasis on housing and infrastructure. Sagar Cements Ltd. plans to scale up the capacity of its recently acquired Andhra Cements Ltd. plant from 2.3 million tonnes per annum to 3 mtpa and rampup its e…

Sagar Cements - Steered Towards Robust Growth: Systematix Initiates Coverage With A Buy

Sagar Cements Ltd., a promoter company that holds a 95% stake in the company, will shed 5% on Tuesday.

Andhra Cements Falls Over 5% After Promoter Sells Stake

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Key Stocks In Focus: Paytm, CMS Info Systems, Canara Bank, Andhra Cements, Crompton, Bank Of Baroda

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

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

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.