ACC Ltd (ACC.NS)
* Consensus forecast for sept quarter consol net profit was 1.94 billion rupees
* Cement grinding unit in Jharkhand is expected to go on stream in Nov. 2016 Source text: http://bit.ly/2dq21Rq Further company coverage:
** Shares of cement companies ACC Ltd, Ambuja Cements Ltd and UltraTech Cement Ltd fall as much as between 1 pct and 1.7 pct
** Shares of cement companies ACC Ltd and Ambuja Cements rise as much as 2.04 pct and 1.86 pct respectively
Indian shares fell on Thursday to post their biggest daily percentage loss in four weeks after earnings from HDFC Bank and Kotak Mahindra Bank raised some concerns about bad loans ratios in the sector.
July 21 India's NSE index edged lower on Thursday after hitting its strongest close in nearly a year in the previous session as caution prevailed ahead of corporate results and investors awaited progress on the tax reforms bill.
** Cement manufacturer ACC Ltd gains as much as 5.28 pct, highest since March 5, 2015
** India's Ambuja Cements Ltd shares up 1.91 pct, among top pct gainers on the NSE index