Cement company shares, which fell into the market .. Now another news!

The shares of the Hadberg Cement India were amazing as the stock market was in trouble. The company’s shares were very big on Monday. The company’s share on BSE opened at Rs 219.20. In Intrade, a maximum of Rs. Company, trading in NSE and BSE, more than 4.62 million shares. This free float is equal to 6.7 % of equity. By the end of the third quarter, the total promoters in the company were 69.39 %.

On October 7, 2024, the price of cement company shares was priced at Rs 257.85 on BSE. It was reported that Ambuja Cement Company was talking to buy India business. However, the company denied these discussions. Now, once again, UltraTech Cement is talking to the German company to buy India business. However, no official announcement has been made from both companies.

The company’s board meeting will be held on 30 January. The company will decide on the results of the quarter on the same day. The company’s performance was not good in the quarter last September. The company fell 15 percent.

In December 2024, Star Cement Rs. Bought for 851 crores. The Hidelberg Material Group entered the Indian market in 2006 by purchasing MySore Cements. As of 2009, the company was capable of extending its capacity to 5.4 million tonnes (MTPA) per year. According to media reports, it currently has a capacity of 14 million tonnes.

Buy UltraTech?

According to some media reports, India’s top cement manufacturer Ultratech Cement is negotiating to buy Hidelberg business in India. Officials of the Aditya Birlla Group, Ultratech original company say they have met Hidelberg management to discuss the purchase of Hydelberg Cement India.

Note: This is not an investment advice. The stock market is subject to risk. Consult a specialist before investing in anything.