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.
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.
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.
Sagar Cements aims to leverage this favourable pricing environment to boost its volume growth between 9 per cent and 14 per cent year-on-year to reach 6–6.3 million tonnes in FY26.
In the case of Adani Energy Solutions, Cantor suggested 'overweight' rating, but lowered its 12-month target to Rs 1,690 from Rs 1,978, given the de-rating that has occurred amongst AESL's peer group.
ACC share price: The scrip traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving averages (SMAs) but lower than the 150-day and 200-day SMAs.





