On the contrary, there has been a rally in cement stocks and a re-rating of their equity valuation in the past three years despite an earnings contraction during the period.
The combined market capitalisation of 35 listed cement companies in the Business Standard sample was up 29 per cent between September 2021 and September 2024 despite a 29.1 per cent decline in these companies' net profit on a trailing 12-month basis during the period.
Denne historien er fra October 23, 2024-utgaven av Business Standard.
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Denne historien er fra October 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Defence stocks shoot up, bolster investor arsenal
Rally 15% intraday on FDI push and investment plans
Upside ahead for Apollo Hospitals on robust guidance, valuations
In the recently released results of Apollo Hospitals Enterprise (APHS) for the third quarter of financial year 2025 (Q3FY25), revenue was in line but operating profit margin was weaker.
Outward remittances fall 10% in 9MFY25
Outward remittances under RBI's Liberalised Remittance Scheme (LRS) dropped 10.15 per cent year-on-year (Y-o-Y) to $22.82 billion in the April-December period of 2024-25 (FY25), dragged down by declines across major segments.
AU Small Finance eyes a bigger share of wealth biz pie
AU Small Finance Bank (SFB) is expanding its wealth management business, aiming to compete with larger players in the space to capture a bigger share of the market.
Black Box bullish on India's GCC, data centre boom
With the demand for data centres going up across the world, Black Box, a digital infrastructure firm, is expecting revenue growth at ₹7,000 crore in FY26, driven by a stronger win rate from large enterprises and high-value opportunities.
Hilton to Launch 75 Hampton Hotels in India
Hotels will debut across Gujarat, Rajasthan, Punjab and Bihar
Phoenix Kothari invests ₹5K cr in TN footwear sector
In a sign of Tamil Nadu competing with global footwear clusters like Dongguan in China and Campos Bom in Brazil, Phoenix Kothari Footwear Ltd on Wednesday announced a fresh investment of ₹5,000 crore in footwear hubs in multiple locations in the state that may create more than 53,000 jobs by 2027.
Car firms see sales growth crawling at 1-2% in FY26
2-wheeler sales may rise 8-10%
Trump moots 25% tariffs on auto, pharma imports
US risks shortages as India dominates generics space; auto cos expect muted pain
AI Can Be a Game-Changer in Quality and Personalization of Learning
Online learning is here to stay. And artificial intelligence (AI) will take it to the next level by expanding the opportunities and bringing quality learning experience to people who have historically not been able to afford it, said MOHAN LAKHAMRAJU, founder and chief executive officer (CEO) of Great Learning—the professional learning and upskilling company. In a video interview with Peerzada Abrar, Lakhamraju said that with the recent launch of AI Mentor and AI Teacher by the company, access to high-quality learning can be democratized. Edited excerpts:
