Cement Crumbles, Housing Soars: Market's Latest Mood Swings
Key Points
- Orient Cement reported a 38.3% drop in net profits and 7.1% ...
If the stock market were a restaurant menu, today's specials would feature a peculiar mix of comfort food and indigestion-inducing dishes. Let's dive into this financial feast that's giving traders everywhere a case of investment heartburn.
Cement Gets Crushed Like Its Own Product
Orient Cement's fourth-quarter earnings landed with all the grace of a bag of concrete dropped from a construction site. Net profits took a nosedive by 38.3%, plummeting to Rs 42 crore from Rs 68 crore. Revenue crumbled by 7.1% to Rs 825 crore, while EBITDA margins got squeezed from 16.7% to 12.5%. The stock pric...
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