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.
On Adani Ports, MOFSL said the Adani group firm has captured higher customer wallet share and built cargo stickiness with the integrated end-to-end offerings
Stocks including Bajaj Housing, RIL, Ambuja Cements, ICICI Bank, Bank of Maharashtra, Bharat Dynamics, Afcons Infra, Indian Hotels and more will be in the spotlight on Tuesday, December 02.
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.
The Adani Group company's consolidated profit after tax (PAT) surged 268 per cent year-on-year (YoY) to Rs 1,766 crore, compared to Rs 480 crore in the same quarter last year.





