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THE TRUTH ABOUT: Ultratech cement | History Defined

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the…

The Economic Times

CAS wild swing: Sensex soars 1,000 points on expiry day but ends only 138 points higher

In a surprising turnaround, India's stock market indices, Sensex and Nifty, erased intraday losses to close positively on Thursday. Ending a three-day decline, the benchmarks saw Power Grid and Axis Bank surge by nearly two percent, contributing to the upward momentum. Additionally, significant names like UltraTech Cement and NTPC also…

The Economic Times

Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expect

Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Group’s aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.

The Economic Times

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Birla built India with cement, now it wants to wire up what powers it with a ₹1,800 crore bet

In an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to establish itself as a top contender within five years, utilizing the extensive distribution reach of UltraTech Cement. This launch responds to India's growing needs in the construction and…

The Economic Times

Aditya Birla Group launches Ultravolt with Rs 1,800 crore bet, debuts as India’s No. 2 wires player by capacity

Aditya Birla Group launched its Ultravolt wires and cables business with a significant investment. This new venture aims to become a top player in the wires segment within five years. Ultravolt will expand UltraTech Cement's participation in the construction value chain. The business will reach over one lakh retailers and…

The Economic Times

Grasim eyes Rs 2 lakh crore revenue in FY27 as growth platforms scale up: KM Birla

Grasim Industries anticipates reaching Rs 2 lakh crore revenue by FY27. This growth stems from its diverse businesses including cement and financial services. UltraTech Cement capacity has surpassed 200 million tonnes per annum. Birla Opus paints business secured a significant market share within two years.

The Economic Times

Stocks in news: UltraTech Cement, Tata Motors PV, Axis Bank, Apollo Hospitals and Ircon

Indian equity markets saw a decline on Wednesday, influenced by Middle East tensions and rising oil prices. Several companies will be in focus today due to corporate developments and first-quarter earnings reports. UltraTech Cement shares are set for a block deal, while Apollo Hospitals reported strong profit growth. Lenskart Solutions…

The Economic Times

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Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore

Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at ₹1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.

The Economic Times

Bonus issues & dividends: Wipro, UltraTech Cement among more than 110 stocks turning ex-date this week. Do you own?

Over 110 companies, including Wipro, UltraTech Cement and Britannia, will turn ex-date this week for dividends and bonus issues. Investors must hold shares before record dates to qualify. Key payouts include UltraTech’s Rs 240 and Britannia’s Rs 90.5, with multiple mid and largecap firms announcing corporate actions across the week.

The Economic Times

UltraTech Cement shares gain 2% after Q1 results. Why Nuvama, other brokerages raised target?

UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance

The Economic Times

Grasim invested Rs 74,000 cr as capex in last 5 years: Kumar Mangalam Birla

Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. This outlay shows confidence in long-term demand and India's growth potential. The company achieved its highest-ever consolidated revenue of Rs 1,75,431 crore. Its paints venture, Birla Opus, is now the number three player. UltraTech Cement became the world's…

The Economic Times

Market wrap: Trent, Axis Bank among top gainers and losers on Nifty and Sensex today

Indian equities ended lower as escalating Iran-US tensions and surging crude prices dampened investor sentiment despite easing volatility. Banking stocks dragged benchmarks, while analysts expect geopolitical risks, inflation concerns and Q1 earnings momentum to shape market direction, with Nifty support at 24,100 and resistance near 24,400.

The Economic Times

Q1 earnings this week: Infosys, Eternal, Bajaj Auto among 256 companies set to announce June quarter results

The Q1 FY27 earnings season gathers momentum this week, with 256 companies scheduled to announce their April-June quarter results. Key names include Infosys, Eternal, Bajaj Auto, UltraTech Cement, Nestlé India, Adani Power, Paytm and TVS Motor. Investors will closely track corporate earnings and management commentary for cues on business performance,…

The Economic Times

Will Sensex, Nifty extend gains on Monday? Q1 earnings, global tech selloff among 6 factors to steer D-St this week

Dalal Street ended the week on a strong note, with the Sensex and Nifty gaining over 1% on Friday. Investors will track six key market triggers this week, including the peak of the Q1 earnings season, the escalating Iran-US conflict, surging crude oil prices, the global tech selloff, rupee movement…

The Economic Times

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Dynamite News

UltraTech Cement to invest Rs 13,000 crore to add production capacity

The board of the Aditya Birla Group flagship firm "approved the 3rd phase of growth with an investment of Rs 13,000 crore towards increasing its capacity. Read further on Dynamite News:

Newslaundry

Who are the top advertisers on Indian news TV?

Reckitt Benckiser India, Amul and Life Insurance Corporation of India were the top advertisers on news TV in the first half of 2022, a study by TAM Media Research, which collects and analyses audience behaviour and brand communication data, has found.

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