Days Trial. 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. 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 … Ambuja Cements was set up in 1986. Latest Ambuja Cements candle stick is a bearish candle, with a length of 4.25% High made is about 1.31% above the opening. It estimates an adverse impact of 5-15% on the operating income of cement makers in the next financial year. The once formidable Holcim group’s ACC and Ambuja Cement are now caught in a market share-losing tailspin. Ultratech Cement and Shree Cement responded by reducing cost of operations by over 2% over the past year by operating their plants on multiple fuels. This is the reason for the continuous fall in share prices of the company. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. This isn’t the first time that cement companies have been pulled up by CCI. ACC and Ambuja Cement share prices: With renewal of the TKH with Holcim, the concern about a higher fee and an overhang on the stock price is likely to go away. The companies cited "some constraints to implement a merger", although they left the door open to one, saying it "remains the ultimate goal". Get Comprehensive Daily Technical Analysis of Ambuja Cements Ltd. with charts and key technical data RSI, MACD, Pivot points, Moving Averages, Stochastic, MFI. Ambuja Cements Ltd is in the Cement sector, having a market capitalization of Rs. This is because in calculating RoE, we only consider equity capital, whereas in calculating RoCE , we consider equity as well as debt capital. Reuters reported citing unnamed people that searches were also conducted at offices of UltraTech Cement Ltd. BloombergQuint awaits response to queries emailed to Atul Daga, chief financial officer at UltraTech. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Updated on 23rd Dec 2020 Evening after Share Market - only valid for Intraday Shares & Stocks Trading The company has a range of products for the business to business and retail markets. Covid gave a boost to margins. This fee is at around 1 percent, but the term for the last renewal expires in December 2020. Tomorrow is different. UltraTech cement has considerably higher debt as compared to other players, this results in higher RoE and lower RoCE. Weekly candle stick experts view of NSE share Ambuja Cements. … Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. In the last decade the company has grown tenfold. Check out why Ambuja Cements share price is falling today. The fact that UltraTech Cement and Shree Cement have been adding capacity by over 20% via organic and inorganic routes gives them an edge over Ambuja Cement. Ambuja Cements’ volumes are seen falling 9-12 per cent in March quarter on year-on-year basis. Counter Market Strategie Ambuja Cements Ltd, has launched Ambuja Plus, a cement product on 17th September 2014, in the State of Gujarat. This should allow for an increase in cement prices, which corrected 2%-5% QoQ in Q2, with some hikes underway. Ambuja Cement . A worker holds up processed cement at a factory (Photographer Dario Pignatelli/Bloomberg). December 10 2020, 12:51 PM December 10 2020, 1:02 PM. This is a reason the street is a little bit nervous. 6,077.62 crores and a net profit of Rs. Ultratech Cement and Shree Cement responded by reducing cost of operations by over 2% over the past year by operating their plants on multiple fuels. This will alert our moderators to take action. It has reported a consolidated sales of Rs. ^ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". Shares of cement companies are under pressure at the bourses, falling by up to 5 percent on the BSE on profit-booking. The Competition Commission of India (CCI) has started an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour. Among the top 4 players, Shree cement managed to grow its sales by ~1.5% which is highest. Why follow tips? 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