Ambuja Cements Ltd, part of the Adani Group, has announced that it will acquire a 46.8 percent stake in Orient Cement Ltd, at an equity value of Rs 8,100 crore. The deal will be executed through the purchase of shares from the promoters of Orient Cement as well as certain public shareholders, at Rs 395.4 per share.The acquisition will be carried out in two stages: Ambuja Cements will acquire 37.9 ...

Shares of Ambuja Cements soared over 3 percent on July 11 after brokerage firm Nomura double upgraded the cement manufacturer to a 'buy' rating, factoring in the company's aggressive capacity expansion.Along with this upgrade, the brokerage firm has raised its price target for Ambuja's stock from Rs 500 to Rs 780, a significant increase of nearly 56 percent.Nomura attributed this sharp rise in the...

The market continues to be fixated with order wins, as can be seen from the upbeat reaction whenever companies announce one. A healthy order book matters no doubt, but right now the Street appears to be ignoring the fact that execution matters too. And if the execution goes awry, it will have an immediate impact on profitability. Blue Star’s Managing Director B Thiagarajan made this point a coup...

Shares of Bharat Electronics have staged a sharp rebound from the day's low after the company told investors that it is looking at an export turnover target of nearly $110 million. The outlook and commentary have sent the shares nearly seven percent higher from the day's low.BEL said it is targeting double-digit revenue growth of 15% in FY25 and an EBITDA margin of 23-25%.In a call on May 22, the ...

Recognizing industry-leading metrics and top-quartile returns, Morgan Stanley anticipates Deepak Nitrite to outperform further as new investments yield results and earnings improve.Shares of Deepak Nitrite surged nearly 7 percent to hit a record high of Rs 2,619.80 on NSE after Morgan Stanley double-upgraded the stock to "overweight" from its earlier rating of "underweight."The international broke...