Market Trading Guide: Buy India Cements and IFB Agro on Friday for up to 20% potential upside 10 days ago
Nifty fell for the fourth session, breaking below 26,000 support and 50 EMA, signaling bearish trend shift with selling across key sectors. Technical analysts recommend IFB Agro at ₹1,753.20 (target ₹2,100, 20% upside) after decisive breakout above ₹1,600 resistance with strong volumes. India Cements suggested at ₹476.20 (target ₹523, 10% upside) following bullish continuation above rising trendline resistance near ₹460.
India Cements Capital Reports 164% Surge in Q1 Profit, Reappoints CEO
India Cements Capital Limited (ICCL) reported strong Q1 FY2026 results with a 164% increase in standalone net profit to ₹22.02 crore. Revenue from operations grew 21.3% to ₹127.48 crore. Consolidated net profit surged 249.9% to ₹17.88 crore. The company reappointed Mr. K. Suresh as CEO for another year and recommended Ms. P. Sindhuja as Secretarial Auditor for five years. ICCL scheduled its AGM for September 27, 2025, via video conferencing.
23Jul 25
India Cements Capital Secures BSE Approval for Promoter Reclassification
India Cements Capital Limited (ICCL) received approval from BSE Limited on July 22, 2025, to reclassify three promoter entities to the public category. The reclassified entities are Mr. N. Srinivasan, ICL Financial Services Limited, and ICL Securities Limited, now holding nil shares with 0.00% shareholding. This reclassification, conducted under SEBI regulations, follows an application submitted in February 2025. ICCL has disclosed this development in compliance with SEBI LODR Regulations and will make the information available on its official website.