{"id":114308,"date":"2023-11-24T11:26:37","date_gmt":"2023-11-24T05:56:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114308"},"modified":"2023-11-24T12:42:13","modified_gmt":"2023-11-24T07:12:13","slug":"cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries\/","title":{"rendered":"Cement stock in green after it expressed interest in acquiring Kesoram Industries"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1034271429\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this large-cap company gained up to 0.5 percent after the company expressed interest in acquiring the cement asset of kesoram Industries Ltd.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2798691456\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 2,48,820.49 Crores. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ULTRACEMCO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">UltraTech Cement Ltd<\/a><\/strong>, On Friday, The shares were trading at Rs 8,619.05 a share, an increase of 0.14 percent from the previous closing price.\u00a0<\/p><p>According to the CNBC, UltraTech Cement Ltd expressed interest in acquiring the cement asset of kesoram Industries Ltd, but UltraTech is currently exploring both options &#8211; either buying out the stake of Kesoram&#8217;s existing promoters or an acquisition of Kesoram&#8217;s cement business.&nbsp;<\/p><p>In addition to the above para, Producing everything from rayon to cement, Kesoram Industries is a BK Birla Group company. It produces carbon disulfide, sulfuric acid, sodium sulfate, and fire bricks. A significant portion of the company&#8217;s revenue comes from cement.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1567533845\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking into the company&#8217;s performance, UltraTech Cement Ltd\u2019s revenue increased by 15.25 percent from Rs 13,892.69 Crore in Q2FY23 to Rs 16,012.13 Crore in Q2FY24. During the same period, net profits increased by 68 percent from Rs 760.19 crore to Rs 1,276.89 crore.&nbsp;<\/p><p>UltraTech Cement Ltd\u2019s reported return ratios in the recent financial year with a return on equity (ROE) of 9.7 percent and a return on capital employed (ROCE) of 13.2 percent.&nbsp;<\/p><p>UltraTech Cement Ltd\u2019s recent shareholding pattern, The Promoters of The company own 59.96 percent while Retail shareholders own a 7.78 percent stake in the company and Foreign Institutional Investors own a 16.64 percent stake.&nbsp;<\/p><p>The stock has delivered a return of 12.62 percent in six months and 25.65 percent in a year.&nbsp;Mostly in India, UltraTech Cement is a cement and cement-related product manufacturer and seller.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1180975691\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this large-cap company gained up to 0.5 percent after the company expressed interest in acquiring the cement asset of kesoram Industries Ltd.&nbsp; With a market capitalization of Rs 2,48,820.49 Crores. UltraTech Cement Ltd, On Friday, The shares were trading at Rs 8,619.05 a share, an increase of 0.14 percent from the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,8585,8584],"class_list":["post-114308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-ultratech-cement-latest-news","tag-ultratech-cement-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cement stock in green after it expressed interest in acquiring Kesoram Industries - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this large-cap company gained up to 0.5 percent after the company expressed interest in acquiring the cement asset of kesoram Industries Ltd.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement stock in green after it expressed interest in acquiring Kesoram Industries\" \/>\n<meta property=\"og:description\" content=\"The shares of this large-cap company gained up to 0.5 percent after the company expressed interest in acquiring the cement asset of kesoram Industries Ltd.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-24T05:56:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-24T07:12:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Ambuja-cements-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cement-stock-in-green-after-it-expressed-interest-in-acquiring-kesoram-industries\/\",\"name\":\"Cement stock in green after it expressed interest in acquiring Kesoram Industries - 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