Up to now within the calendar 12 months 2021, Nifty 50 index has added 11.5 per cent. Picture: Reuters Nifty 50 index surged over 6 per cent in Might, posting a document closing excessive. The positive factors within the 50-stock index have been fuelled by robust FII inflows within the second half of the month
UltraTech Cement
Penna Cement operates built-in manufacturing services and grinding models throughout Andhra Pradesh, Telangana, and Maharashtra with an mixture capability of 10 MMTPA Cement producer Penna Cement has filed its draft purple herring prospectus with the Securities and Alternate Board of India for an IPO value Rs 1,550 crore. The general public difficulty includes a recent
UltraTech is on observe so as to add 19MTPA capability over the subsequent two years and has a powerful stability sheet– enabling it to consolidate share additional. UTCEM cement volumes in This fall at almost 28MT, up c30% y-o-y, surpassed its earlier peak in Q4FY19. For the total yr FY21, quantity development of 5% y-o-y
Administration is assured of robust demand restoration and sees the near-term Covid-19 influence as transient. UltraTech Cement’s 4QFY21 earnings have been greater than our estimates led by stronger volumes (+30% yoy). The corporate has been deleveraging at a formidable tempo and may grow to be web money in FY2022E regardless of development capex. Capability growth
Nuvoco Vistas is the fifth largest cement company in India in terms of capacity with a consolidated capacity of 22.32 MMTPA. Image: nuvoco.in Nirma group cement company Nuvoco Vistas Corporation Ltd has filed draft red herring prospectus with capital markets regulator SEBI to launch an IPO worth Rs 5,000 crore. The issue will comprise a