Axis Securities highlighted that the unified structure will optimise the network and branding, potentially leading to a margin improvement of at least Rs 100 per metric tonne.
Shares of Orient Cement jumped 10 per cent at the opening tick on Tuesday after the Adani Group company announced a scheme of amalgamation with Ambuja Cements.
Shares of Orient Cement climbed 9.85 per cent to hit a high of Rs 180 apiece in early trade. ACC shares fell 0.8 per cent to Rs 1,761.40 apiece. Ambuja Cements added 2 per cent to Rs 550.85 apiece.
Ambuja Cements announced the merger of ACC and Orient Cement with itself via an all share-swap transaction, with no cash consideration involved.
Stocks including ACC, HCL Technologies, IRCTC, Ambuja Cements, Lenskart, KSH International, Paytm, Ola Electric, Belrise and more will be in the spotlight on Tuesday, December 23.
The merger, subject to requisite approvals, is expected to be completed over the next 1 year
JM Financial remains constructive on select heavyweights and mid-caps. "Our top picks are UltraTech in large caps and JK Cement in mid-caps," it said.
These cases are part of six separate complaints filed by the Anti-Corruption Commission (ACC) in January, which accuse Hasina and her family of illegally allocating government plots in Dhaka’s Purbachal area.
Choice Institutional Equities (CIE) has reiterated its ‘Buy’ rating on Adani Group’s Ambuja Cements and ACC, citing aggressive expansion plans and strong group synergies.
SMIFS has suggested three stocks including Tata Consultancy Services (TCS), ACC and Gujarat State Fertilizers & Chemicals for up to 13 per cent upside potential in the short term.
India’s incentive programs aim to boost local EV and battery production while reducing import dependency. The PLI-ACC scheme, launched in May 2021, includes a ₹18,100 crore outlay to develop 50 GWh of domestic battery capacity.





