Cement stocks continued to sulk on the reports averring that Competition Commission of India (CCI), which deferred its verdict on alleged cartelization case of cement companies, is now mulling a fine of up to 3 times profit of cement companies. As per media reports out of the 39 cement companies the top 11 companies by revenue are likely to face the havoc.
Ambuja Cements is currently trading at Rs 172.35, down by 3.10 points or 1.77% from its previous closing of Rs 175.45 on the BSE. The scrip opened at Rs 170.75 and has touched a high and low of Rs 174.45 and Rs 170.55 respectively. So far 102946 shares were traded on the counter.
Ultratech Cement is currently trading at Rs 1424.40, down by 6.15 points or 0.43% from its previous closing of Rs 1430.55 on the BSE. The scrip opened at Rs 1413.15 and has touched a high and low of Rs 1431.00 and Rs 1413.00 respectively. So far 985 shares were traded on the counter.
ACC is currently trading at Rs 1252.00, down by 19.10 points or 1.50% from its previous closing of Rs 1271.10 on the BSE. The scrip opened at Rs 1233.00 and has touched a high and low of Rs 1263.00 and Rs 1233.00 respectively. So far 34863 shares were traded on the counter.
Grasim Industries is currently trading at Rs 2485.00, down by 18.20 points or 0.73% from its previous closing of Rs 2503.20 on the BSE. The scrip opened at Rs 2471.00 and has touched a high and low of Rs 2503.20 and Rs 2471.00 respectively. So far 4387 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 10455.15 |
| Ambuja Cement | 670.60 |
| ACC | 2677.45 |
| Shree Cement | 25498.90 |
| Dalmia Bharat | 1856.85 |
| View more.. | |
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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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