Straits Times Index
3,439.88 +24.37 (+0.71%) S&P 500
5,537.02 +28.01 (+0.51%) Dow
39,308.00 -23.90 (-0.06%) Nasdaq
18,188.30 +159.54 (+0.88%) Bitcoin USD
58,252.96 -1,339.30 (-2.25%) CMC Crypto 200
1,212.80 -48.38 (-3.84%)
UltraTech Cement Limited (ULTRACEMCO.NS)
| Previous close | 11,872.10 |
| Open | 11,885.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 11,721.55 - 11,936.85 |
| 52-week range | 7,987.65 - 12,078.00 |
| Volume | |
| Avg. volume | 454,465 |
| Market cap | 3.389T |
| Beta (5Y monthly) | 0.55 |
| PE ratio (TTM) | 48.32 |
| EPS (TTM) | 243.38 |
| Earnings date | 19 Jul 2024 - 23 Jul 2024 |
| Forward dividend & yield | 38.00 (0.32%) |
| Ex-dividend date | 27 Jul 2023 |
| 1y target est | 8,137.57 |
ReutersBirla's UltraTech buys stake in rival to defend Indian cement lead against Adani
BENGALURU (Reuters) -UltraTech Cement said it is buying a stake worth up to $228 million in rival India Cements, intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker. India's cement market, expected to roughly double to $49.24 billion by 2029 from 2022 levels, was long dominated by billionaire Kumar Mangalam Birla's company until Gautam Adani entered the sector in 2022 and quickly rose through the ranks to become the second biggest player. The deal for a 23% stake, which UltraTech said is a non-controlling financial investment, comes as cement makers stand to benefit from Narendra Modi's return to power and an expected infrastructure spending spurt in Asia's No. 3 economy.
Yahoo Finance UKHow to invest in the Indian stock market
India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.
ReutersIndia's JSW Cement plans $360 million factory to meet rising demand
BENGALURU (Reuters) -India's JSW Cement said on Tuesday it will invest around 30 billion rupees ($360.2 million) to set up a cement factory in the northern state of Rajasthan, in a bid to meet surging demand for the key construction material. Market leader UltraTech Cement said last month it will set aside $3.9 billion for ongoing capital expenditure over the next three years. JSW Cement's proposed unit will supply cement to Rajasthan, Haryana, Punjab and the national capital region, marking the firm's entry into the country's northern market, which is dominated by Shree Cement and UltraTech.
