Post Monsoon Season Can Revisit Guidance For FY25: Orient Cement | CNBC TV18

Orient Cement standalone net profit declines 0.86% in the June 2024 quarter

Upcoming results: Oil and Natural Gas Corporation(ONGC), Bharti Airtel, Marico, BEML, Bharti Hexacom, Avanti Feeds, BLS International, Motherson Sumi Wiring India, Brigade Enterprises, Century Plyboards, Deepak Nitrite, Devani International, Gujarat State Fertilizers and Chemicals (GSFC), H.G. Infra Engineering, Honeywell Automation, Orient Cement, Sandhur Maganese and Iron Ores, Schneider Electric Infrastructure, Syrma SGS Technology, Tata Chemicals, Triveni Turbine, V-Mart Retail, VRL Logistics.

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

Aditya Birla and Adani groups have been aggressively acquiring cement firms to expand their manufacturing units, JSW has not also entered the race

JSW Cement enters race to acquire promoter stake in Orient Cement

Stock has rallied 56% in 3 months, can help to ramp up capacity to 24 MTPA. Adani, Ultratech both has been in negotiations to take over company. JSW can reverse merge it’s cement operations and get listed .

JSW joins the race to buy CK Birla’s flagship Orient Cement

Shivalik Bimetal Controls Ltd, Hindustan Foods Ltd, CESC Ltd and Orient Cement Ltd are among the other gainers in the BSE’s ‘A’ group today, 26 June 2024.

India Cements Ltd leads gainers in ‘A’ group

We maintain Add on Ambuja Cement with an unchanged target price of Rs 620/share.

Ambuja Cement, Dabur, Nuvoco Vista, ACC, Orient Cement, Greenpanel Q4 Results Review: HDFC Securities

The cement prices are higher by Rs 20/bag or Rs 400/tonne which will support higher profitabilty in H2 FY24.

Orient Cement Q2 Results Review - Better Than Expected Performance: Axis Securities

There is no material information which may have a bearing on the price or volume behaviour of the scrip, the company said.

Orient Cement Issues Clarification Amid Reports On Stake Sale To Adani

Its revenue from operation was up 15.58 percent at Rs 825.17 crore during the quarter under review as against Rs 713.93 crore in the year-ago period.

Orient Cement Q1 net profit declines to Rs 37.03 crore

The broader trend in the cement sector remains positive, price action riding along the overall bullish sentiment. While the key benchmark indices underwent tremendous volatility during this phase, shares of UltraTech Cement, ACC, and Orient Cement were formulating accumulation and laying a significa…

Derivative Outlook | What should be the options strategy for ACC ahead of the Q1 results?

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Orient Cement Limited is engaged in the manufacturing and sales of cement. The Company's products include Birla A1 Premium Cement, Birla A1 Premium Cement-OPC 53 Grade and Birla A1 Premium Cement-OPC 43 Grade.