Cement pricing disappointed in the December quarter (Q3FY26), but UltraTech Cement Ltd still delivered a comfortable earnings beat. Consolidated EBITDA jumped 36% year-on-year to ₹3,916 crore, ahead of consensus, even as gray cement realizations fell about 6%. Strong volume growth and lower costs lifted EBITDA per tonne to ₹1,007 from ₹856 a year ago. The…
Historically, infrastructure has remained a budget favourite, and expectations this year point towards another meaningful push that could set the tone for stocks linked to roads, railways, construction, and cement. Market expectations currently center on a 10-15% increase in capital expenditure, reinforcing the long-term intent outlined in the National Infrastructure Pipeline. Roads, railways, urban infrastructure,…
NEW DELHI: In a major relief to companies operating heavy industrial and construction equipment, the Supreme Court on Wednesday ruled that specialized off-road machinery used within factory premises, mines and industrial areas cannot automatically be treated as motor vehicles liable to road tax, even if such equipment is capable of limited movement. A bench comprising…
Meanwhile, channel checks by some brokerages suggest that dealers in the South may attempt to pass on price hikes in January. However, sustaining potential price increases in the near term can be challenging, as the upcoming festivals of Makar Sankranti and Pongal may temporarily impact construction activity and lead to a labor shortage. Source
stock market today: Indian indices – Sensex and Nifty 50 – closed in red on Wednesday, December 24, amid profit-taking in select heavyweight stocks such as Reliance and ICICI Bank and mixed global cues. The Sensex slipped 116 points, or 0.14%, to finish at 85,408.70, while the Nifty 50 declined 35 points, or 0.13%, to…
