Brokerage firms remain largely negative on Orient Cement after it reported a muted set of performance in the March 2024 quarter amid the delays in acquisition by Adani Group.

Orient Cement Ltd reported a significant decline in profits for the March quarter and fiscal year, amid a year of financial hurdles and an impending acquisition by Ambuja Cements. The company also ...

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Entry of the two big players will intensify competition in the industry, which posted a 13% compound annual growth rate (CAGR) in revenue between FY19 and FY24 ...

The NSE Nifty 50 ended 72.60 points or 0.31% lower at 23,519.35, while the BSE Sensex closed 191.51 points, or 0.25% down at ...

Adani Group had entered into the cement business in September 2022, after acquiring Ambuja Cement from Swiss firm Holcim for USD 6.4 billion (about Rs 51,000 crore).