According to the recent reports generated on the Indian Cement sector, the volumes are expected to have a compounded annual growth rate (CAGR) of between 5 to 6.50 percent for FY25 & FY26.
Aggressive capacity additions, as well as moderations in the growth of cement volumes, are expected to constrain the average capacity utilization levels, on a PAN India level, below 70 percent.
Listed below are four stocks under the ‘small-cap’ category in which Mutual Funds decreased their stake by up to 2.06 percent as of the quarter ended March 2024:
Nuvoco Vistas Corporation Limited
With a market capitalization of Rs 12,209.38 crores, the stocks of Nuvoco Vistas Corporation Limited started their trading session on Friday at Rs 342.50 and closed the session at Rs 341.85, a flat movement compared to the previous closing levels of Rs 342 apiece.
The latest shareholding pattern data of the company, as per the quarter ended March 2024, portrays the Mutual Funds decreasing their stake in the company by around 0.65 percent, viz, from 15.18 percent holding during the December 2023 quarter to 14.53 percent holding during the quarter ended March 2024.
Having a glance at the latest financials, the company’s basic parameters of business, i.e., its total income as well as after-tax profits, reported a jump in opposing directions with the former, on one end, dipping from Rs 2,573 crores during Q2FY24 to Rs 2,421 crores during Q3FY24, and the latter, on the other end, increasing drastically from Rs 2 crores to Rs 31 crores.
Birla Corporation Limited
With a market capitalization of Rs 11,218.14 crores, the stocks of Birla Corporation Limited started their trading session on Friday at Rs 1,460.30 and closed the session at Rs 1,456.80, gaining approximately 1.80 percent compared to the previous closing levels of Rs 1,431.65 apiece.
The latest shareholding pattern data of the company, as per the quarter ended March 2024, portrays the Mutual Funds decreasing their stake in the company by around 0.73 percent, viz, from 13.92 percent holding during the December 2023 quarter to 13.19 percent holding during the quarter ended March 2024.
Having a glance at the latest financials, the company’s basic parameters of business, i.e., its total income as well as after-tax profits, reported a jump in numbers with the former increasing from Rs 2,286 crores during Q2FY24 to Rs 2,312 crores during Q3FY24, and the latter, during the same period, shifting up from Rs 58 crores to Rs 109 crores.
Kesoram Industries Limited
With a market capitalization of Rs 5,448.63 crores, the stocks of Kesoram Industries Limited started their trading session on Friday at Rs 174 and closed the session at Rs 175.40, gaining approximately 0.60 percent compared to the previous closing levels of Rs 174.35 apiece.
The latest shareholding pattern data of the company, as per the quarter ended March 2024, portrays the Mutual Funds decreasing their stake in the company by around 1.91 percent, viz, from 3.24 percent holding during the December 2023 quarter to 1.33 percent holding during the quarter ended March 2024.
Having a glance at the latest financials, the company’s basic parameters of business, i.e., its total income as well as bottom-line numbers, reported a jump in opposing directions with the former, on one end, increasing from Rs 961 crores during Q2FY24 to Rs 1,074 crores during Q3FY24, and the latter, on the other end, magnifying its losses from Rs 49 crores to Rs 244 crores.
JK Lakshmi Cement Limited
With a market capitalization of Rs 9,335.35 crores, the stocks of JK Lakshmi Cement Limited started their trading session on Friday at Rs 792.55 and closed the session at Rs 793.35, slipping approximately 0.80 percent compared to the previous closing levels of Rs 799.35 apiece.
The latest shareholding pattern data of the company, as per the quarter ended March 2024, portrays the Mutual Funds decreasing their stake in the company by around 2.06 percent, viz, from 22.84 percent holding during the December 2023 quarter to 20.78 percent holding during the quarter ended March 2024.
Having a glance at the latest financials, the company’s basic parameters of business, i.e., its total income as well as after-tax profits, reported a jump in numbers with the former increasing from Rs 1,575 crores during Q2FY24 to Rs 1,703 crores during Q3FY24, and the latter, during the same period, shifting up from Rs 96 crores to Rs 150 crores.
Written by Amit Madnani
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