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An announcement from Orient Cement Ltd. ( (IN:ORIENTCEM) ) is now available.
Orient Cement Ltd., part of the Adani Group, has announced a significant victory as the Securities and Exchange Board of India (SEBI) dismissed allegations made by Hindenburg against the group. This regulatory clearance is seen as a validation of the company’s governance and operational transparency. The company has demonstrated resilience and growth, with a notable increase in EBITDA and asset expansion over the past two years, reinforcing its strong market position.
More about Orient Cement Ltd.
Orient Cement Ltd. operates in the cement industry, focusing on the production and distribution of cement products. It is part of the Adani Group, a prominent conglomerate in India known for its diverse operations across various sectors.
Average Trading Volume: 57,038
Technical Sentiment Signal: Hold
Current Market Cap: 45.93B INR
For an in-depth examination of ORIENTCEM stock, go to TipRanks’ Overview page.