The Sensex ended the session up by 399.73 points or 0.49 percent at 82,185.29, while the Nifty gained 106.20 points or 0.42 percent to close at 25,158.50. Market breadth was negative, with 1,348 shares advancing, 2,421 shares declining, and 95 shares remaining unchanged. The BSE Midcap and Smallcap indices both declined by 0.5 percent.
The cement industry is a vital part of global infrastructure development, producing over 4.1 billion tons annually. India, the second-largest producer, contributes around 340 million tons. With over 2,300 cement plants worldwide, the industry plays a crucial role in construction, urbanization, and economic growth, supporting massive infrastructure projects globally.
India’s cement industry, the second-largest globally, is experiencing fluctuating demand and pricing, with FY23 production at 374.55 million tonnes. Despite initial FY25 demand moderation, major players are expanding capacity. Government initiatives and infrastructure projects are expected to support long-term growth, though near-term pricing challenges persist.
Here are the cement stocks that are trading at Discounts up to 22%.
Ramco Cements Ltd
Ramco Cements Limited is an India-based firm that manufactures cement, ready-mix concrete, and dry mortar. The Company mostly serves domestic markets. The company also sells cement in Sri Lanka through direct exports and in the Maldives via merchant exports.
With a market capitalization of Rs 19,375.98 crore, the shares closed at Rs 820.00 apiece, decreasing around 0.18 percent as compared to the previous closing price.
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The company hit its 52-week or all-time high in Dec 2023 at Rs. 1,057.85 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 22 percent.
Looking at the company’s financial statements, the revenue decreased by 7 percent from Rs. 2,247 crores in Q1FY24 to Rs. 2,094 crores in Q1FY25. In addition, the net profits plummeted by 50 percent from Rs. 74 crores to Rs. 37 crores during the same period.
ACC Ltd
ACC Limited is an Indian cement and construction materials firm. The Company manufactures and markets cement and associated materials. It works in two segments: cement and ready-mix concrete.
With a market capitalization of Rs 43,360.08 crore, the shares closed at Rs 2,309.00 apiece, decreasing around 1 percent as compared to the previous closing price.
The company hit its 52-week or all-time high in July 2024 at Rs. 2,843.00 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 18 percent.
Looking at the company’s financial statements, the revenue decreased by 1 percent from Rs. 5,201 crores in Q1FY24 to Rs. 5,155 crores in Q1FY25. In addition, the net profits plummeted by 22 percent from Rs. 466 crores to Rs. 361 crores during the same period.
Ambuja Cements Ltd
Ambuja Cements Limited’s major activity is the production and sale of cement and cement-related goods. The company’s products include Ambuja Cement, Ambuja Kawach, Ambuja Plus, Ambuja Cool Walls, Ambuja Compocem, and Ambuja Buildcem.
With a market capitalization of Rs 1.50 crore, the shares closed at Rs 612.65 apiece, decreasing around 0.62 percent as compared to the previous closing price.
The company hit its 52-week or all-time high in July 2024 at Rs. 706.85 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 13 percent.
Looking at the company’s financial statements, the revenue decreased by 5 percent from Rs. 8,713 crores in Q1FY24 to Rs. 8,311 crores in Q1FY25. In addition, the net profits plummeted by 30 percent from Rs. 1,135 crores to Rs. 790 crores during the same period.
Written by:- Abhishek Singh
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