Cement stocks have been on the radar considering the government’s infra push and acquisition of Ambuja Cements and ACC by Adani Group. Analysts said the twin acquisitions by Adani have raised hopes of more such deals in the sector as a few players are finding it difficult to pare their leverage and may be willing to exit the cement business at good valuations.
Stocks in Asia rise, yen wobbles after volatile start to week
China stocks were mixed in early trading with the blue-chip index easing 0.07%, while Hong Kong’s Hang Seng index was up 0.5%.
April 30, 2024