&w=3840&q=100)
Orient Cement shares rally 6% after multi-fold Q1 profit jump; details here
The Adani Group cement maker's stock rose as much as 6.11 per cent during the day to ₹267.8 per share, the biggest intraday rise since June 25 this year. The stock pared gains to trade 2.6 per cent higher at ₹258.9 apiece, compared to a 0.01 per cent advance in Nifty 50 as of 10:40 AM.
Shares of the company extended their winning streak after a one-day blip on Friday and have risen nearly 20 per cent from their June lows. The counter has fallen 25 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Orient Cement has a total market capitalisation of ₹5,316.27 crore.
Orient Cement Q1 results
The cement maker reported a multi-fold jump in net profit to ₹205.37 crore for the quarter ended June 2025, compared to ₹36.71 crore in the same period last year. The revenue from operations rose 24.4 per cent year-on-year (Y-o-Y) to ₹866.47 crore, up from ₹696.26 crore in the June 2024 quarter.
Total expenses increased by 12.4 per cent to ₹724.28 crore during the quarter, while total income, including other income, grew 23.7 per cent to ₹868.64 crore.
Open offer by Ambuja Cements
Ambuja Cements announced the acquisition of Orient Cement for an equity value of ₹8,100 crore, a strategic step aimed at surpassing 100 MTPA in operational capacity. This acquisition includes a 46.6 per cent stake in Orient Cement, acquired from its current promoters and certain public shareholders, all funded through internal accruals.
About Orient Cement
Orient Cement, founded in 1979 as a Division of Orient Paper and Industries, was demerged and its equity shares were listed on stock exchanges in 2012, and since then, it has emerged as one of the most respected cement manufacturers in India.
The company is primarily engaged in cement manufacturing and selling, and it has a presence in various states such as Maharashtra, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Gujarat, and some parts of Madhya Pradesh & Chhattisgarh.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
39 minutes ago
- Mint
Top Gainers and Losers on July 29: Apar Industries, Tata Chemicals, Welspun Corp, Birlasoft among top gainers today
Indian equities ended Tuesday's trading session higher after a range-bound trade, snapping a three-day losing streak that had pushed the benchmark indices to a six-week low. The rally was led by select heavyweights, including Reliance Industries and HDFC Bank, which helped markets stage a strong rebound. Markets opened on a flat note and traded with volatility through the first half of the session but picked up momentum in the final hour. The Nifty 50 closed at 24,821, up 0.57% from the previous close, while the S&P BSE Sensex gained 469 points, or 0.58%, to settle at 81,360. The rally's sustainability hinges on stronger upcoming earnings, given the muted start to Nifty 50 results and greater clarity on a potential US-India trade deal. US President Donald Trump has recently finalized trade agreements with major partners, largely favoring the US. Negotiations between India and the United States remain deadlocked over tariff cuts on agriculture and dairy products, dimming hopes of a trade deal ahead of Trump's August 1 deadline, Reuters reported last week, citing two Indian government sources. Trump said on Monday that most trading partners who do not negotiate separate deals would soon face tariffs of 15–20% on exports to the US, significantly higher than the 10% tariff imposed in April. Meanwhile, US and Chinese officials concluded the first of two days of talks aimed at extending their tariff truce beyond a mid-August deadline and exploring ways to maintain trade ties while safeguarding economic security. The muted June-quarter earnings season has also prompted overseas investors to turn aggressive sellers, with FPIs offloading ₹ 6,082 crore worth of stocks on Monday, marking their largest single-day selling in India since May 30, according to provisional data. Key market triggers this week include the Federal Reserve's rate decision, while the Bank of Japan is also set to announce its policy stance. Fed Chair Jerome Powell and his colleagues will begin a two-day meeting on Tuesday to deliberate on rates amid political pressure, evolving trade policy, and complex economic cross-currents. Traders currently see no change in US interest rates this week, while expecting a quarter-point rate cut in mid-September, with around 100 basis points of easing anticipated over the next 12 months. Several stocks witnessed a strong surge in demand on Dalal Street following the release of their June quarter earnings. Apar Industries emerged as the top gainer among Nifty 500 stocks, rallying 12% to ₹ 9,693 after the company reported a net profit of ₹ 263 crore in Q1 FY26, up from ₹ 203 crore in the same quarter of the previous fiscal year. Netweb Technologies also closed with a sharp gain of 8.17% at ₹ 1,975 apiece, resuming its winning streak seen earlier in July after the release of its June quarter results. sure Welspun Corp saw its stock jump 7.13% to ₹ 924 apiece after the company reported a 41% YoY rise in net profit to ₹ 350 crore. Tata Chemicals gained 7% to ₹ 1,000 apiece, snapping a three-day losing streak. Meanwhile, PNC Infratech surged 6.6% to ₹ 318 apiece after being declared the lowest bidder by South Eastern Coalfields (SECL) for a mining project in Chhattisgarh worth ₹ 29.57 billion. Other top gainers from the Nifty 500 pack included Birlasoft, Motilal Oswal Financial Services, Granules India, Varun Beverages, Transformers & Rectifiers, Abbott India, J.B. Chemicals & Pharmaceuticals, Go Digit General Insurance, and Jaiprakash Power Ventures, all ending with gains of over 4%. Zen Technologies emerged as the top laggard among Nifty 500 stocks today, with the stock losing another 5% to ₹ 1,606, extending its losing streak to a fourth straight session. Home First Finance shares also fell sharply, dropping another 5% to ₹ 1,306 apiece after a 7% decline in the previous session. SBFC Finance shares resumed their losing streak, falling 4.3% to a four-week low of ₹ 106 apiece. Sapphire Foods India came under pressure, sliding 3.40% to ₹ 326 apiece, while Indian Energy Exchange (IEX) shares declined 3.21% to ₹ 134.65 after Bernstein downgraded the stock to 'underperform' from 'market perform.' The brokerage, which had recently cut its price target for IEX to ₹ 122, slashed it further to ₹ 99, becoming the first brokerage to assign a sub- ₹ 100 target for the stock.


Hindustan Times
40 minutes ago
- Hindustan Times
Indian benchmarks snap 3-day losing run as Reliance, HDFC Bank gain
Indian benchmarks snapped a three-day losing streak on Tuesday, driven by bargain buying in heavyweight stocks such as Reliance Industries and HDFC Bank, with gains in infrastructure major Larsen & Toubro ahead of its earnings helping. Reliance Industries and HDFC Bank, among the top three heaviest stocks on the benchmarks, rose 2.1% and 0.7%, respectively.(PTI/Representative) The Nifty 50 rose 0.57% to 24,821.1 points and the BSE Sensex added 0.55% to 81,337.95. The benchmarks fell about 2% in the last three sessions due to fading hopes of an India-US interim trade deal, weak earnings and sustained foreign outflows. All 16 major sectors rose on the day. Heavyweight financials, which fell 0.5% earlier in the session, closed 0.3% higher. The broader mid-cap and small-caps rose 0.8% and 1%, respectively. Reliance Industries and HDFC Bank, among the top three heaviest stocks on the benchmarks, rose 2.1% and 0.7%, respectively. "It is likely that we are seeing some buying after the drop in the last three sessions. But one should not read too much into today's move because there is still uncertainty over what will happen on August 1," said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities. Negotiations between India and the United States remained deadlocked, with Trump saying on Monday that most trading partners who do not negotiate separate deals would soon face tariffs of 15% to 20% on their exports to the U.S., well above the broad 10% tariff he imposed in April. Analysts pointed to a flurry of stock movements due to an earnings-heavy day. Infrastructure major Larsen & Toubro, which is due to report first-quarter results later in the day, added 2.1%, and Asian Paints jumped 1.8% after it posted a first-quarter earnings beat. Electronics equipment maker Hind Rectifiers and electrical components maker Apar Industries surged about 20% and 12%, respectively, following strong earnings.


Mint
44 minutes ago
- Mint
Market weakness temporary; earnings and capex cycle to drive recovery: Mansi Patel
The Indian stock market has remained range-bound with a negative bias since the start of July. The trend began to shift in late June, after benchmark indices touched a nine-month high. Following the rally that pushed the Nifty 50 and Sensex near record highs, investors have been awaiting clearer earnings signals to justify valuations. However, a muted start to the June-quarter results has dampened sentiment. The absence of fresh triggers and uncertainty surrounding a potential India–US trade deal has also kept investors cautious. The correction has been more pronounced in mid- and small-cap segments, due to their lower liquidity and greater sensitivity to risk-off sentiment. Amid this backdrop of macroeconomic headwinds and earnings uncertainties, Mansi Patel, Head – Investment Counsellor, Institution, shares her insights on the current market trajectory. She discusses what's driving the ongoing correction, whether it presents a buying opportunity, and how sectoral earnings upgrades, rural recovery, and a robust capex cycle could shape equity market trends in the coming months. Edited excerpts: While company-specific earnings remain critical in the long term, macroeconomic forces are currently shaping the ongoing correction in Indian equities. Global macro headwinds—particularly sticky U.S. inflation and elevated bond yields—are the primary culprits. These factors have triggered a broad-based risk-off sentiment and delayed hopes of U.S. Fed rate cuts, resulting in Foreign Institutional Investors (FIIs) turning net sellers after steady inflows in April–May. In contrast, Domestic Institutional Investors (DIIs) have offered strong support, reflecting their belief in India's structural earnings story. Backed by a relatively stable rupee, robust GDP growth, and healthy tax collections, DIIs have continued deploying capital. Notably, the correction has been more pronounced in the mid- and small-cap segments due to lower liquidity and higher volatility. On the earnings front, Q1 FY26 has been a mixed bag. While global-facing sectors like IT services and select NBFCs have seen some softness, large private banks, auto names, and capex-linked industrials have largely met or exceeded expectations so far. Fundamentally, India Inc. remains on solid ground, even if temporarily overshadowed by global developments. The current correction is in line with historical patterns. Over the past decade, the Nifty 50 has seen nearly one 10%+ correction each year, followed by strong rebounds. Excluding black swan events like COVID-19, these corrections have averaged around 11–12%. Institutional consensus suggests this is a healthy pause, not the beginning of a bear market. Despite external headwinds, India's macro setup remains robust—Q4 FY25 GDP growth stood at 7.4%, and rural demand and capex momentum are strengthening. This pullback offers a strategic opportunity to accumulate high-quality stocks at more attractive valuations, especially in sectors like financials, infrastructure, and consumption. A balanced approach is advisable: core exposure to large caps for stability and selective entry into mid- and small-cap ideas with strong fundamentals. Yes, several domestic-facing sectors are poised for earnings upgrades in the coming quarters. Capital goods and infrastructure remain front-runners, powered by the government's ₹ 11.11 lakh crore capex outlay in FY26. Companies like L&T, Siemens India, and ABB are benefiting from strong order inflows and improved execution efficiency. In financials, private banks and NBFCs such as ICICI Bank, Bajaj Finance, and SBI are expected to see stable NIMs and strong credit growth. Manufacturing and industrials are gaining from PLI schemes and the China+1 strategy, benefiting players like Bharat Forge and Cummins India. Auto and auto ancillaries are seeing rural-led demand revival and softer raw material costs, boosting earnings visibility for names like M&M and Bajaj Auto. Healthcare and diagnostics too are on a recovery path, with improving volumes and margin support—players like Apollo Hospitals and Dr. Reddy's stand to benefit. However, global-facing sectors like IT services and chemicals may remain under pressure due to sluggish overseas demand. Corporate commentary on rural markets has turned distinctly positive. NielsenIQ data shows rural FMCG sales grew 11% in Q4 FY25, far outpacing urban growth of 2.6%. FMCG majors like HUL and Colgate report stronger traction in rural areas, especially in smaller SKUs and hygiene products. This recovery is underpinned by better monsoons, rising farm incomes, and lower inflation. Simultaneously, the capex outlook is strengthening. Large banks like SBI and ICICI Bank are witnessing increasing demand for project financing across manufacturing, agriculture, and infrastructure. Energy majors like NTPC and Adani Energy are ramping up investments, while infra players like L&T and KNR Construction report robust pipelines. This dual tailwind of rural consumption and industrial investment bodes well for sustained economic growth. Yes, we continue to accumulate select sectors that align with India's structural and policy-led growth trajectory. Infrastructure, capital goods, and power remain top picks due to the strong capex cycle and government spending. Financials—particularly private banks and high-quality NBFCs—offer stability and earnings momentum. Consumer staples are showing rural-led demand revival, while healthcare is benefiting from volume growth and normalizing input costs. Sectors aligned with digital transformation, such as automation and fintech infrastructure, also present long-term potential. These areas remain core to our buy-on-dips strategy. In the near term, large caps are better positioned due to their stable earnings, stronger balance sheets, and ability to weather macro volatility. Blue-chip names like HDFC Bank, Infosys, and L&T continue to attract institutional flows, especially during FII pullouts. However, recent corrections have improved valuations in mid- and small-cap spaces, reviving interest among long-term investors. With Q1 earnings showing resilience and improved corporate guidance, selective accumulation in quality mid-cap financials, capital goods, and consumption names is underway. A barbell strategy—anchoring portfolios with large-caps while selectively adding high-conviction mid- and small-caps—is the most prudent approach in the current cycle. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.