India's UltraTech Cement falls

India's UltraTech Cement falls as wire biz foray raises concerns over capital allocation
Shares of UltraTech Cement, India's top cement maker by capacity, fell about 6% to hit an eight-month low on Thursday as its plan to foray into the cables and wires business led to concerns over capital allocation and debt reduction.
UltraTech Cement falls Thursday, underperforms competitors
UltraTech Cement Ltd. closed 14.19% short of its 52-week high of 12,143.90 rupees, which the company achieved on December 16th.
Cables & Wires sector braces for UltraTech Cement’s big entry, how will this disruption play out?
UltraTech Cement's entry into the cables and wires sector with a Rs 1,800 crore investment triggered a sharp sell-off, with KEI Industries, Polycab, and Havells plunging up to 17 percent.
India's UltraTech Cement falls as analysts not impressed by cables and wires foray
Shares of India's UltraTech Cement fell 5% to hit their lowest level in eight months on Thursday as analysts raised concerns over the top cement maker's plan to foray into the cables and wires business.
Ultratech Cement shares dip over 6 per cent as company enters wires and cables segment
The company has stated that it will invest Rs 1,800 crore to set up a plant in Gujarat over the next two years as part of plans to expand its footprint in the construction value chain.
UltraTech Cement Share Price Tumbles After Announcing Cables And Wires Foray
UltraTech Cement's board has approved a capital expenditure of Rs 1,800 crore over the next two years for this venture.
India's UltraTech Cement to spend $206 million to enter cables, wires business
UltraTech Cement , India's top cement maker by capacity, will spend 18 billion rupees ($206 million) to start up a wires and cables business, deepening its foothold in the construction materials business,
UltraTech Cement shares fall 5% as firm enters wires & cables segment with Rs 1,800 crore investment
According to Trendlyne data, the average target price for the stock is Rs 12,473, indicating a potential upside of 14% from the current market price. The consensus recommendation from 39 analysts is a 'Buy'.
UltraTech’s entry into Cables & Wires sector Sparks market turmoil
The entry of UltraTech, the flagship cement company of the Aditya Birla Group, into the cables and wires (C&W) business has triggered a sharp decline in the
Wires and cables sector: UltraTech Cement's big announcement drags stock by 6%, Mcap down over ₹15,800 crore
Shares of Ultratech Cement on Thursday dropped 5 per cent after the firm announced its entry into the wires and cables segment with an investment of ₹1,800 crore to set up a plant in Gujarat. The stock tanked 4.
UltraTech Cement shares slide 5% on entering wires & cables segment. What brokerages say?
Jefferies suggests that any immediate negative market reaction to this move should be seen as a buying opportunity. While the new segment targets a similar customer base as cement, the sales channels are different.
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Ultratech Cement Shares Plunge 5%, Valuation Drops Rs 15,811.8 cr
Ultratech Cement shares tanked 5% after the company announced its entry into the wires and cables segment. The stock's market ...
Broker’s call: UltraTech Cement (Buy)
UltraTech Cement enters wires and cables segment with ₹1,800 crore capex, aiming for EBITDA accretion and future growth.
HSBC slashes targets for 4 stocks after UltraTech’s entry in wires and cables. Time to cut losses?
HSBC slashed target prices for top Indian wires and cables firms by up to 23%, citing competitive risks from UltraTech ...
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UltraTech Cement board approves Kesoram demerger
Under the demerger agreement, Kesoram’s preference shareholders will be issued 54,86,608 fully paid-up 7.3% NCRP shares.