External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 109 MTPA (including 8.5 MTPA from Orient Cement) to 115 MTPA by FY26.</li><li>It now targets 155 MTPA by FY28, supported by incremental expansion and debottlenecking initiatives.</li><li>With current utilisation at 69%, there remains meaningful upside potential as demand strengthens. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 109 MTPA (including 8.5 MTPA from Orient Cement) to 115 MTPA by FY26.It now targets 155 MTPA by FY28, supported by incremental expansion and debottlenecking initiatives.With current utilisation at 69%, there remains meaningful upside potential as demand strengthens. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Ltd - Performance Below Estimates On Higher Cost; Retain BUY

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ambuja-cements-ltd" target="_blank" data-smartkarma-citation="entities:14745:1" rel="noopener">Ambuja Cements (ACEM IN)</a>, <a href="https://www.smartkarma.com/entities/acc-ltd" target="_blank" data-smartkarma-citation="entities:183:1" rel="noopener">ACC Ltd (ACC IN)</a> and <a href="https://www.smartkarma.com/entities/orient-cement-ltd" target="_blank" data-smartkarma-citation="entities:3356:1" rel="noopener">Orient Cement (ORCMNT IN)</a> will be merging to create a pan-India cement giant.</li>
<li>There are a whole bunch of approvals needed, and the mergers are expected to complete in the next 12 months.</li>
<li>With the stocks part of different indices, there will be index flows on completion of the merger.</li>
</ul>



Ambuja Cements (ACEM IN), ACC Ltd (ACC IN) and Orient Cement (ORCMNT IN) will be merging to create a pan-India cement giant.
There are a whole bunch of approvals needed, and the mergers are expected to complete in the next 12 months.
With the stocks part of different indices, there will be index flows on completion of the merger.


Ambuja Cement/ ACC/ Orient Cement Merger: Index Flows

<ul><li>Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated ‘One Cement Platform’.</li><li>The current cement capacity is 107 MTPA and is expected to be 155 MTPA by FY28.</li><li>For every 100 equity shares of ACC with a face value of Rs 10/share, Ambuja Cements will issue 328 equity shares with a face value of Rs 2/share, to eligible shareholders of ACC. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated ‘One Cement Platform’.The current cement capacity is 107 MTPA and is expected to be 155 MTPA by FY28.For every 100 equity shares of ACC with a face value of Rs 10/share, Ambuja Cements will issue 328 equity shares with a face value of Rs 2/share, to eligible shareholders of ACC. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements: ACC & Orient Merger Will Establish ‘One Cement Platform’

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratio</li><li>It is expected to be completed over the next 12 months</li><li>The merger approval of another listed subsidiary Sanghi Industries is already in process and is expected to complete in the next few months</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratioIt is expected to be completed over the next 12 monthsThe merger approval of another listed subsidiary Sanghi Industries is already in process and is expected to complete in the next few monthsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>On December 22, <a href="https://www.smartkarma.com/entities/ambuja-cements-ltd" target="_blank" data-smartkarma-citation="entities:14745:1" rel="noopener">Ambuja Cements (ACEM IN)</a> board approved merging <a href="https://www.smartkarma.com/entities/acc-ltd" target="_blank" data-smartkarma-citation="entities:183:1" rel="noopener">ACC Ltd (ACC IN)</a> and <a href="https://www.smartkarma.com/entities/orient-cement-ltd" target="_blank" data-smartkarma-citation="entities:3356:1" rel="noopener">Orient Cement (ORCMNT IN)</a> via a share swap to create a unified Indian cement giant.</li>
<li>The deal simplifies structures and offers operational synergies, providing Orient shareholders a premium while remaining value-neutral for ACC but accretive for Ambuja.</li>
<li>The consolidation targets capacity expansion to 155 MTPA by FY28 and operational savings of INR 100 per tonne, bolstering long-term profitability.</li>
</ul>


On December 22, Ambuja Cements (ACEM IN) board approved merging ACC Ltd (ACC IN) and Orient Cement (ORCMNT IN) via a share swap to create a unified Indian cement giant.
The deal simplifies structures and offers operational synergies, providing Orient shareholders a premium while remaining value-neutral for ACC but accretive for Ambuja.
The consolidation targets capacity expansion to 155 MTPA by FY28 and operational savings of INR 100 per tonne, bolstering long-term profitability.


Event Driven: The Adani Cement Empire’s Merger Analysis

India

Ambuja Cements Limited is an Indian cement producing company that manufactures and markets cement, clinker, and related products for domestic and export markets. Its product portfolio includes ordinary portland cement, portland pozzolana cement, and ready-mix concrete. The company is headquartered in Mumbai, Maharashtra, India, and was founded in 1983.

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Ambuja Cements (ACEM IN)

Ambuja Cements Ltd - Performance Below Estimates On Higher Cost; Retain BUY

Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 109 MTPA (including 8.5 MTPA from Orient Cement) to...

Axis Direct

Ambuja Cement/ ACC/ Orient Cement Merger: Index Flows

Ambuja Cement, ACC and Orient Cement are merging to create a pan-India cement giant. The merger should complete within 12 months and there will be...

Brian Freitas

Ambuja Cements: ACC & Orient Merger Will Establish ‘One Cement Platform’

Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to...

Axis Direct

Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY

Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratio. It is expected to be...

HDFC Securities

Event Driven: The Adani Cement Empire’s Merger Analysis

Ambuja Cements board approves merger with ACC Ltd and Orient Cement to create unified Indian cement giant, targeting capacity expansion and...

Nimish Maheshwari

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52-week Range

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Ambuja Cements Ltd - Performance Below Estimates On Higher Cost; Retain BUY

Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 109 MTPA (including 8.5 MTPA from Orient Cement) to...

Axis Direct

Ambuja Cement/ ACC/ Orient Cement Merger: Index Flows

Ambuja Cement, ACC and Orient Cement are merging to create a pan-India cement giant. The merger should complete within 12 months and there will be...

Brian Freitas

Ambuja Cements: ACC & Orient Merger Will Establish ‘One Cement Platform’

Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to...

Axis Direct

Ambuja Cement: Subsidiary Merger: A Value Accretive Deal. Maintain BUY

Ambuja Cements announced the merger of its two listed subsidiaries ACC and Orient Cements, through a share swap ratio. It is expected to be...

HDFC Securities

Event Driven: The Adani Cement Empire’s Merger Analysis

​Ambuja Cements board approves merger with ACC Ltd and Orient Cement to create unified Indian cement giant, targeting capacity expansion and...

Nimish Maheshwari

Ambuja Cements board approves merger with ACC Ltd and Orient Cement to create unified Indian cement giant, targeting capacity expansion and...