Centrum Broking has downgraded Heidelberg Cement, JK Lakshmi Cement Ltd, Sagar Cements and Ultratech Cement by one notch. The brokerage has three 'buys', two 'Add', four 'Reduce' and three 'Sell' ratings within the cement sector.
​Chart patterns suggest the zone of 19,550-19,600 will act as a strong support for Nifty going forward. Till the index sustains above 19,550, we may witness the continuation of this strong momentum up to the level of 20,100- 20,150.
Birla Corporation plans to double production at its Mukutban cement plant in Maharashtra and increase profitability by up to a third by the end of the year. The company aims to produce around 2.5 million tonnes of cement next year, up from the current 1.9 million tonnes. Birla Corp will focus on premium products and aims to gain a market share of 10-12% in key regions.
Birla Corp announces expansions in FY25-26 cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.
Foreign institutional investors (FII) sold shares worth Rs 1,725.11 crore, while domestic institutional investors (DII) bought Rs 1,077.86 crore worth of stocks on September 5, provisional data from the National Stock Exchange (NSE) showed.