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Ultratech Cement is currently trading at Rs. 2622.00, up by 82.40 points or 3.24 % from its previous closing of Rs. 2539.60 on the BSE.
The scrip opened at Rs. 2619.70 and has touched a high and low of Rs. 2622.00 and Rs. 2576.50 respectively. So far 7600 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2868.00 on 18-Jun-2014 and a 52 week low of Rs. 1635.00 on 14-Jan-2014.
Last one week high and low of the scrip stood at Rs. 2545.10 and Rs. 2418.30 respectively. The current market cap of the company is Rs. 71535.60 crore.
The promoters holding in the company stood at 61.69 % while Institutions and Non-Institutions held 25.57 % and 10.98 % respectively.
UltraTech Cement, an Aditya Birla Group Company, has received an approval for acquisition of two cement business units of Jaiprakash Associates (JAL) in Madhya Pradesh. The board of directors at their meeting held on December 23, 2014 has approved for the same. The company will acquire an integrated cement plant with clinker capacity of 2.1 MTPA and cement grinding capacity of 2.6 MTPA at Bela, Madhya Pradesh along with CPP of 25 MW and integrated cement plant with clinker capacity of 3.1 MTPA and cement grinding capacity of 2.3 MTPA at Sidhi, MP along with CPP capacity of 155 MW.
This acquisition will create significant synergies and the surplus clinker will enable UltraTech to augment its cement capacity by a further 1.8-2.5 MTPA in addition to the 4.9 MTPA mentioned above. This acquisition will enable the company to increase its presence in Satna cluster of Madhya Pradesh. With this acquisition, the company’s cement capacity in India will increase from 60 mtpa to 65 mtpa and with projects underway the capacity will stand raised to 71 mtpa by 2016.
The board has approved the Memorandum of Understanding setting out the broad terms and conditions of the proposed acquisition. The Enterprise Value of this acquisition has been agreed at Rs 5,400 crore. The transaction is subject to customary due diligence, definitive agreements and regulatory approvals as may be required.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 9307.25 |
| ACC | 2404.05 |
| Shree Cement | 24334.00 |
| Ambuja Cement | 610.85 |
| Dalmia Bharat | 1938.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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