Today Mangalam Cement rise 5% on commence of 0.75 mpta Aligarh unit

NEW DELHI: Shares of Mangalam CementBSE 4.44 % surged nearly 5 % in Tuesday's trade after the company revealed commencement of production at a new 0.75 million tonne per annum (mtpa) unit. In a brief note to BSE, the company said the mashing unit is now in Aligarh, Uttar Pradesh. The opening of its commercial workings from the unit has increased the overall capacity of the cement producer to 4 mpta from 3.25 mtpa. 

The stock jumped 4.63 % to hit a high of Rs 350 on BSE. Mangalam Cement has initiate commercial production at its new cement mashing unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, state a media report. 

Market for cement sector grew merely by 3 % in Q1FY17, which is expected to stay in the constant range in Q1FY17as well. Still, favourable monsoon & ease of water issues in Madhya Pradesh & Maharashtra are expected to cast good impact on consumption as many projects were stuck for want of water. The government's continuous thrust in progress of Roads & Highway and irrigation sector will prompt demand, going ahead, said Reliance Securities in a note. 

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Stock market headlines for 8 Jan, 2016

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Stock Market Updates For 17 Dec, 2015

Market ending update : Sensex is at 25825.26, up 330 points while Nifty -50 is at 7851.40, up 100 pts.

A big relief rally in world wide stock market pulled the native equity market higher on today as the benchmark indices surged smartly throughout the day. Echoing the sentiments seen on other European & Asian markets, investors, traders at home breathed a sigh of relief over the passing of this most-awaited financial event of this year.

Top Gainers of the day- TATA STEEL (5.1%), VEDANTA (3.8%), HINDALCO (3.7%), BAJAJ AUTO (3.3%), RIL (3.2%). Top Losers were- ONGC (0.7%), AXIS BANK (0.5%), GAIL (0.1%), LUPIN (0.1%).

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Top ten Headlines Of Stock Market On 26 Nov 2015

• Bank Nifty; mkt has strong support at 7700: PhillipCap.
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• Hero MotoCorp up 1%; Bain to exit from co via block deal.
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• Govt reaching out to Opposition a positive:
• Dr Reddy's tanks 10% on USFDA warning:
• Ola ropes in former Infosys CFO Rajiv Bansal to head finance
• India & China remain largest overweight, says Macquarie
• China allows 1st foreign institutions into interbank FX m

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Top ten Headlines Of Stock Market On 25 Nov 2015

                                          Stock Market Headlines

 

               Asian equity markets weighed down by geopolitical fears .

               Videocon sells two spectrums to Idea for Rs 3,310 cr .

               Govt ready to discuss changes in GST bill with Congress.

               IiAS urges Maruti shareholders to vote against Guj plant.

'             Challenge is not in implementing GST but in legislative action'.

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              Nippon ups stake in Reliance Life to 49%, invests Rs 2265cr .

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             PM Modi inks 10 pacts with strategic partner Singapore .

             Europe must tackle bad loans to recover.

             NBCC bags the AIIMS campus redevelopment project.

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             SunEdison to offload 400MW of solar power in India.

             Four good habits for your little millionaire of tomorrow.

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