Updated Feb 19, 2021 | 09:57 IST
Ambuja Cement in focus after its Q4 earnings. NMDC resumed production after Donimalai mines after 2 years. Engineers India and Oil India in focus.
Stocks to track in trade for February 19, 2021: Ambuja Cements, NMDC, Engineers India, Oil India, DLF | Photo Credit: BCCL
Key Highlights
Ambuja Cement reported an in line set of number in Q4
ACC renewal of the existing MSA with Ambuja Cements Limited for a period of 3 years w.e.f. May 2, 2021
RBI issues master direction on digital payment security controls
Ambuja Cements
The company reported a broadly in-line quarter despite the in-line volume, realization slightly ahead and miss on cost fronts. The revenue grew by 14% YoY to Rs 3468 crore for the quarter on the back of better cement volumes and robust realizations. The sales volumes up 8% at 7.05MnTn. Strong demand from rural housing, as well as tier II and III cities, helped in volume growth.