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Though UltraTech s valuation is relatively high, future stock performance will depend on the rate of capacity expansion, volume growth, and input cost variations.
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birla s stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore. The talks with Adani have been ongoing for the past few months, but there is no guarantee of a transaction. Birla s valuation demand, which is double the current market price, could be a deal breaker. Adani Cement recently acquired Sanghi Industries and currently has a total cement capacity of 110 MTPA.