Cement News tagged under: corporate
Grasim Industries declines 2.6 per cent09 June 2008, Published under Cement NewsGrasim Industries declined INR58 (or 2.6 per cent) to INR2205, ending a three-day streak of rises. In the NSE market of 2157 stocks, the stock has a six-month relative strength of 40 which means it has underperformed 60 per cent of the market. Compared with the Nifty Index which fell 189 points (or 4.1 per cent) on the day, this represented a relative price change of 1.5 per cent. |
Prism Cement: buy09 June 2008, Published under Cement NewsThough cement stocks have been battered in recent times on concerns about input pressures and pricing controls, select companies in the sector hold the potential to deliver reasonable earnings growth over the medium term and, thus, offer a good investment option (INR36), reports The Hindu Business Line. Prism Cement, now trading at a price-earnings multiple of just five times its FY08 earnings, is one such option. Promising growth prospects in the central region, strong operating efficienci... |
ASEC Cement Holding puts together new management team09 June 2008, Published under Cement NewsASEC Cement Holding (ACH), the cement production arm of Citadel Capital’s ASEC Group, has announced that it is recruiting a new, world-class management team to take the company into the next phase of its development. ACH aims to have operations in seven countries with a combined production capacity of 18.5 million tons per annum by 2012. Heading up the new team will be former Italcementi Chief Financial Officer (CFO) Giorgio Bodo. Italcementi is the fifth-largest cement producer in the w... |
Grasim Industries dips 0.2 per cent, railing 68.3 per cent of stocks06 June 2008, Published under Cement NewsGrasim Industries dipped INR5.05 (or 0.2 per cent) to INR2234.95, ending a two-day streak of rises. In the NSE market of 2157 stocks, the stock has a six-month relative strength of 32 which means it has underperformed 68 per cent of the market. Compared with the Nifty Index which rose 16 points (or 0.3 per cent) on the day, this represented a relative price change of -0.6 per cent. Volatility: The stock traded between an intraday low of INR2215 and five-day high of INR2269. Moving Average ... |
HeidelbergCement AG hits a one-month low06 June 2008, Published under Cement NewsHeidelberg Cement AG, traded at its 21-day low of Euro105.62. The stock fell for a third day on Thursday. The share price decreased Euro1.28 (or 1.2 per cent) to Euro105.62. Compared with the DAX Index which fell 23.6 points (or 0.3 per cent) on the day, this represented a relative price change of -0.9 per cent. |
Cementir in largest rise for one month, adds 2.9 per cent06 June 2008, Published under Cement NewsCementir added 16 Eurocents (or 2.9 per cent) to Euro5.66, its largest rise of the last one month. The rise is the largest in per cent terms since it added 13 Eurocents (or 2.3 per cent) on May 14, 2008. Compared with the MIBTEL Index which rose 82 points (or 0.3 per cent) on the day, this represented a relative price change of 2.6 per cent. Volatility: the stock traded between an intraday low of Euro5.66 and nine-day high of Euro5.75. Moving Average Price (MAP): The price to 200-day MAP r... |
Cemex gives shares as dividends to 96.9 per cent of holders06 June 2008, Published under Cement NewsMexican cement company Cemex SAB said Wednesday that 96.9 per cent of its shareholders received new shares in lieu of cash as part of the company’s dividend programme. Cemex issued a total of 284m CPO shares under its stock dividend programme, the company said in a filing with the Mexican Stock Exchange. Shareholders received one CPO share for every 27.57 shares held. Cemex also paid out a total of about US$20.6m to the 3.1 per cent of shareholders who chose to receive cash. CPO shares were... |
Holcim (Deutschland) AG unchanged on strong volume06 June 2008, Published under Cement NewsHolcim (Deutschland) AG, Germany’s fourth largest Construction company by market capitalisation, closed unchanged at Euro33.90. Compared with the DAX Index which fell 23.6 points (or 0.3 per cent) on the day, this represented a relative price change of 0.3 per cent. The volume was five times average trading of 10 shares. Volume and turnover period: There were 50 shares worth Euro1695 (US$2643) traded. |
Titan Cement Co drops 1.4 per cent on high volatility05 June 2008, Published under Cement NewsTitan Cement Company, Greece’s second largest Industrials company by market capitalisation, traded between an intraday low of Euro28.36 and a high of Euro28.96. Since open its volatility (highest price minus lowest price/lowest price) of 2.1 per cent was 0.9 times average daily volatility of 2.4 per cent, up from 1.6 per cent on the previous trading day and 1.6 per cent on the day before previous trading day. The stock fell for a second day on Wednesday. The share price decreased 42.0 Euroce... |
HeidelbergCement AG dips 0.6 per cent on high volume05 June 2008, Published under Cement NewsHeidelberg Cement AG dipped 60Eurocents (or 0.6 per cent) to Euro106.90. Compared with the DAX Index which fell 53.7 points (or 0.8 per cent) on the day, this represented a relative price change of 0.2 per cent. The aggregate volume was 3.3 times average trading of 1248 shares. The stock fell for a second day on Wednesday. |