Orient Cement Ltd (ORIENTCEM)

Orient Cement Reports Strong FY 2024 Earnings - 13 Jul, 2024

Orient Cement reported a strong FY 2024 with an EPS of ₹8.54, up from ₹6.00 in FY 2023. The company's revenue increased by 8.4%, and net income increased by 42%. Profit margin also rose to 5.5% driven by higher revenue. Shares are up 4.2% from last week. Forecasted revenue growth is 7.4% p.a., compared to the industry decline of 6.3%.

UltraTech in Advanced Talks to Acquire Orient Cement - 04 Jul, 2024

UltraTech is reportedly in advanced negotiations to acquire Orient Cement from CK Birla, offering a substantial premium over its current market price. The proposed acquisition aims to consolidate UltraTech's position in the southern and western markets.

Orient Cement Shares Rise; Company Announces Increased Dividend Payment - 03 Jul, 2024

Orient Cement's shares have risen by 3.82% to trade at Rs 310, gaining 46.85% in the past month due to infrastructure development and strong financial performance. The company has also announced an increased dividend payment of Rs 1.50 on September 4th.

Orient Cement Stock Continues Upward Run, Gains 48.79% in a Month - 01 Jul, 2024

Orient Cement's stock has gained 34.84% in the past five days and 48.79% in a month due to increased infrastructure development, growth in the housing market, strong financial performance, and stable raw material costs. The company completed the acquisition of a 28.52% stake in Ardeur Renewables Pvt Ltd. Technical setup shows that the counter traded higher than all SMAs, with an RSI of 85.87.

Orient Cement Ltd gains 29.4% in a month - 27 Jun, 2024

Orient Cement Ltd has gained 29.4% over the last one month, outperforming BSE Commodities index and SENSEX. The stock traded at 32,427 shares on BSE compared to an average daily volume of 68,433 shares in the past month. Orient Cement hit a record high of Rs 293.75 on 02 Feb 2024 and a 52-week low of Rs 128.6 on 30 Jun 2023.