Financial

Star Cement Achieves Record High as Profits Soar in Q3

Star Cement, a prominent cement manufacturer in India, has reached a record high as its profits surged

Star Cement, a prominent cement manufacturer in India, has reached a record high as its profits surged by 39% in the third quarter. The company's consolidated net profit exceeded analysts' estimates, driving its shares to an all-time high.

The upbeat Q3 results have propelled the stock price, with shares closing 4.4% to 5.4% higher at 196.10 rupees. This significant growth reflects the market's positive response to Star Cement's strong financial performance and its position in the industry.

Source: NDTV Profit

Al Jouf Cement Initiates Liquidation of EICO Subsidiary

Al Jouf Cement has begun the liquidation process of its subsidiary, Eastern Industrial Co. (EICO), reflecting a strategic shift and potential financial recovery.

Huaxin Cement (600801) Net Sell of 1.327 Million Yuan by Major Funds on March 18

On March 18, 2024, Huaxin Cement (600801) experienced a net outflow of major funds amounting to 1.327 million yuan, with the stock closing at 13.47 yuan, marking a decrease of 0.44%.

Cementos Argos Approved Conversion of Preferred Shares into Ordinary Shares

In a significant move during its shareholders' meeting, Cementos Argos, a leading cement company under the Argos Group, has approved the conversion of preferred shares into ordinary shares.

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