Downloading...
Download

Cementstock

Beginning of a DUOPOLY - Great OpportunityUltratech cement has approved an acquisition of 8.69% stake in Star cement for Rs 851 crore. As mentioned earlier in my post of August 26 that their is a possible chance of creation of duopoly in the cement sector after Adani's entrance in the sector it has been adamant after looking to the aggressive acquisitions made by Ultratech and Adani group. Till now Ultratech cement has taken stakes in Kesoram industries, India cements and Star cement while Adani Group has taken stakes in Ambuja, ACC, Sanghi Industries, Penna Cement and Orient Cement. As we know that Greenfield projects are limited due to limited natural resources, production capacity can only be increased and dominance can be maintained by acquiring small companies. Because of this tug of war share prices of small companies have surged significantly. Star cement has given a return of 40% in 2024. It's present capacity is 7.7 MTPA and plans to increase the capacity to 25 MTPA by 2030. Cement sector is going to be exciting in the coming years. Do keep a track and be updated about the sector.
NSE:STARCEMENT
by ronak16125
🔜 bullish move ahead!Technicals The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far. We're above the EMA 17 and SMA 30 and 50 on a daily basis. An inverse shoulder-head-shoulder-formation has been built and already broken. As we have cut through the SMA 200 (red) without any major resistance the last time(s), we could consider it not a significant resistance when moving upwards. We've got a bullish seasonal pattern in HEI over the last 15 years considering Seasonality. 80 % win rate in the date range from the 24th of February until the 9th of May. Fundamentals A growth by 1.5 % in 2022 is expected in the construction sector: www.bauindustrie.de Construction volume is growing in 2022: www.tga-fachplaner.de Economic growth is expected in the construction industry: www.deutsche-handwerks-zeitung.de So I'm bullishly invested.
XETR:HEILong
by p4917