{"id":132233,"date":"2024-08-29T13:30:00","date_gmt":"2024-08-29T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132233"},"modified":"2024-08-29T14:33:01","modified_gmt":"2024-08-29T09:03:01","slug":"cement-stock-in-focus-after-fii-sold-28-57-lakhs-share-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-in-focus-after-fii-sold-28-57-lakhs-share-in-the-company\/","title":{"rendered":"Cement stock in focus after FII sold 28.57 Lakhs share in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4181376065\"><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>Cement stock engaged in the manufacturing of clinker and cement, Rayon, T.P., and Chemicals in focus after Foreign Institutional Investor sold its stake in the company worth Rs. 59 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-319386673\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 6,406 Crores, the shares of <strong>Kesoram Industries Limited<\/strong> were trading at Rs. 206.25 per equity share, down 1 percent from its previous day\u2019s close price of Rs. 208.10.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>As per the Bulk\/Block deal data available on NSE, Foreign Institutional Investor SG Sundae Holdings LLC has sold 28.57 lakh equity shares of Kesoram Industries Limited at an average price of Rs. 207.02 for a total consideration of Rs. 59.14 Crores\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Kesoram Industries Limited a flagship company of the B. K. Birla group is engaged in the manufacturing of clinker and cement, Rayon, T.P., and Chemicals under the brand names Birla Shakti Cement, Kesoram Rayon, and others.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1185271489\"><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>It has 2 cement manufacturing plants located in Karnataka and Andhra Pradesh with a total installed capacity of 10.75 Mn tons &amp; also has 1 Packing unit of 0.66 Mn tons located in Maharashtra. Its rayon factory is situated in West Bengal with an installed capacity of 6830 MTPA of yarn &amp; 3600 MTPA of cellulose transparent paper.&nbsp;<\/p><p>UltraTech Cement has announced its plans to acquire Kesoram Industries Limited\u2019s cement business in an all-share deal and the deal is valued at around Rs 7,600 Crores.&nbsp;<\/p><p>Its revenue from operations declined by 12 percent from Rs. 999 Crores in Q1FY24 to Rs. 879 Crores in Q1FY25, accompanied by losses of Rs. 32 Crores to Rs. 62 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p>\n\n<h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4>\n\n<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>\n\n<p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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><\/blockquote><div class=\"trade-after-content\" id=\"trade-803047155\"><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>Cement stock engaged in the manufacturing of clinker and cement, Rayon, T.P., and Chemicals in focus after Foreign Institutional Investor sold its stake in the company worth Rs. 59 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 6,406 Crores, the shares of Kesoram Industries Limited were trading at Rs. 206.25 per equity share, down [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118823,"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":[4865,31,13525],"tags":[],"class_list":["post-132233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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