As per media reports, Adani Group was evaluating multiple cement companies like Penna Cement, Saurashtra Cement, JP Associates’ cement business & Vadraj Cement for acquisition.

Small-sized cement shares in focus; Sanghi, NCL, Saurashtra rally up to 11%

Burnpur Cement climbed 9.80 per cent to Rs 5.04. Saurashtra Cement gained 6,08 per cent to Rs 62.80. Udaipur Cement Works advanced 5.75 per cent to Rs 26.68.

Burnpur, Star Cement: Adani’s Sanghi deal sends smallcap cement shares soaring up to 10%. Here’s why

Saurashtra Cement reports consolidated net loss of Rs 22.55 crore in the September 2022 quarter

Saurashtra Cement consolidated net profit declines 80.05% in the December 2021 quarter

Saurashtra Cement reports consolidated net loss of Rs 7.16 crore in the September 2021 quarter

Saurashtra Cement consolidated net profit rises 56.24% in the June 2021 quarter

Saurashtra Cement consolidated net profit rises 378.10% in the March 2021 quarter

Saurashtra Cement standalone net profit rises 376.24% in the March 2021 quarter

Saurashtra Cement had taken all precautionary measures at its Plant at Porbandar.

Saurashtra Cement’s Gujarat plant escapes Cyclone Tauktae impact, operational now

Saurashtra Cement jumped 7.20% to Rs 61.80 after the company said its board has approved to take over the paint business of Snowcem Paints on slump sale basis and as a going concern.

Saurashtra Cement soars after board OKs takeover of Snowcem’s paint biz

Board of Saurashtra Cement approves take over of Snowcem’s paint biz

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

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Saurashtra Cement Limited is engaged in the manufacture of clinker and cement. The Company produces cement of different varieties, such as Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC).