Technical View: * My First preference in Cement sector is Ambuja cement. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. Ambuja Cement Ltd slid as much as 4.8 percent and ACC Ltd fell as much as 2.2 percent after the companies said late on Monday that they were putting on hold a proposed merger. The Hindu Business Line. The total cement capacity of the company is 18.5 million tones. This is a reason the street is a little bit nervous. The business model of the company is such that it mostly operates across 4 verticals namely product manufacturing, Support and Services, Ambuja Knowledge Initiative and Research & Innovation. Earlier in the day, ACC and Ambuja Cements in a regulatory filing said "the CCI has initiated an investigation against cement companies in India including them for … Both these companies pay a technological and know-how fee to the parent that is LafargeHolcim. The company's product, Ambuja Plus Roof Special, is suited for … The investigation comes after Roads and Highways Minister Nitin Gadkari hinted at possible “cartelisation” and “black marketing technique” in the cement industry in September. Tomorrow is different. 15 Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. This will alert our moderators to take action. Choose your reason below and click on the Report button. Ambuja Cement shares clocked their biggest intraday fall since July 10, 2017. Having failed to keep pace with the industry growth rate, the two cement companies have also shied away from infrastructure contracts, where demand is growing. It was a right time to buy around 230–235 level as per technical view. … Offsetting these obligations, it had cash of ₹70.0b as … The result of the company for the september quarter was totally disappointing. This is the reason for the continuous fall in share prices of the company. A Look At Ambuja Cements's Liabilities . Latest Ambuja Cements candle stick is a bearish candle, with a length of 4.25% High made is about 1.31% above the opening. February 26, 2018, 9:11 PM Shares of UltraTech, ACC and Ambuja Cement fell 1.5-3%, while stocks of regional players including JK Cement Ltd. and JK Lakshmi Cement Ltd. declined more than 3-4%. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. According to Morgan Stanley, the development could delay potential cement price hike and any such delays would hurt pricing assumptions for FY22 because it would be difficult for companies to cover pricing in the following quarters in view of large new capacity additions and seasonality. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The company has a range of products for the business to business and retail markets. Elegant Business Park, MIDC Cross Road B, Andheri (e) Mumbai – 400059 Tel 022: 40667000, Website: www.ambujacement.com Regd off: P.O. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. A worker holds up processed cement at a factory (Photographer Dario Pignatelli/Bloomberg). The Competition Commission of India has ordered a fresh investigation into cartelisation in the cement industry, even as the penalty of Rs 6,300 crore levied on 11 cement … Ambuja Cements, formerly called as Gujarat Ambuja Cement, is an Indian major cement manufacturer headquartered in Mumbai. Both the Holcim group subsidiaries, however, said that they have acted in compliance with competition laws and are fully cooperating with the investigation and providing all necessary information to the authorities. News company view of NSE share Ambuja Cements India - Gujarat Ambuja cement ACC... 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