{"id":81259,"date":"2023-01-04T11:57:00","date_gmt":"2023-01-04T06:27:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81259"},"modified":"2023-01-04T11:54:55","modified_gmt":"2023-01-04T06:24:55","slug":"small-cap-cement-stock-jumps-21-in-2-days-on-speculations-of-adani-buying-stake-in-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-cement-stock-jumps-21-in-2-days-on-speculations-of-adani-buying-stake-in-it\/","title":{"rendered":"Small-cap cement stock jumps 21% in 2 days on speculations of Adani buying stake in it"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-202023961\"><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 <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ORIENTCEM\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Orient Cement<\/a><\/strong> shot up 21% in the past two days amid news that the <strong>Adani<\/strong> Group is eyeing a stake in the company. Its shares shot up from \u20b9 123 levels to reach a high of \u20b9 148.70 on Wednesday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1247688558\"><!-- 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>The news appeared on www.tradingview.com dated January 3, 2023 quoting &#8220;Adani Group in talks to buy promoter stake In Orient Cement.&#8221; Meanwhile, the Bombay Stock Exchange (BSE) sought clarification regarding the news.&nbsp;<\/p><p>Orient Cement in an exchange filing dated January 04, 2022, said, \u201cWith regard to the captioned news item, we wish to state that the Company is not privy to any such discussion, and therefore cannot comment on the same. We further wish to clarify that at present there is no material information\/ announcement, including impending announcement, which in the opinion of the Company may have a bearing on the price\/ volume behaviour of the scrip.\u201d&nbsp;<\/p><p>As a result, the company\u2019s shares fell to \u20b9 141.75 apiece at 11:32 AM on Wednesday. 9,19,638 shares changed hands on the BSE, while 1,16,49,338 shares changed hands on the NSE by 11:34 AM on Wednesday.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2433721107\"><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>Orient Cement is a small-cap company with a market capitalisation of \u20b9 2698 crores. It has an ideal return on equity of 18.60% and an ideal debt-to-equity ratio of 0.28. Its shares were trading at a price-to-earnings ratio of 18.60, which is lower than the industry P\/E of 20.72, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><p><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-1688318871\"><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 Orient Cement shot up 21% in the past two days amid news that the Adani Group is eyeing a stake in the company. Its shares shot up from \u20b9 123 levels to reach a high of \u20b9 148.70 on Wednesday.\u00a0 The news appeared on www.tradingview.com dated January 3, 2023 quoting &#8220;Adani Group [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":34394,"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":[422,421,3977,5399,2978,3226,948,936,3153,3157,2597,5372],"class_list":["post-81259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-adani-group-latest-news","tag-adani-news","tag-cement-stocks","tag-orient-cement","tag-small-cap","tag-small-cap-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-2023"],"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>Small-cap cement stock jumps 21% in 2 days on speculations of Adani buying stake in it - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of Orient Cement shot up 21% in the past two days amid news that the Adani Group is eyeing a stake in the company. 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