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Adani Group&#39;s ACC reported its earnings for the quarter ended September on Thursday. The stock was in the red after the announcement was made.

ACC Reports 48% Drop In Q2 Profit To ₹200 Cr, Shares Slip

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The week was a sour one for the Adani Group stocks, as the ghost of the Hindenburg report came back to haunt the stocks&#39; recovery. Eight out of the 10 listed stocks of the Adani Group companies ended the week in the red.

8 Out Of 10 Adani Group Stocks End The Week In Red As Hindenburg&#39;s New Report Dents Recovery

Cement stocks are flying today

Earling in the day, media reports suggested that The Adani Group, India&#39;s second-largest cement maker, is reportedly strategising to acquire the cement assets of the insolvent Jaypee Group, which exceed 9 million tonnes per annum.

ACC To Post June Quarter Earnings On July 29

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Birla&#39;s re-entry into the race underlines his determination to bolster Ultratech&#39;s position in the cement industry in a bid to trump Adani.

Cement Wars Heat Up As Ultratech Reportedly Back In Talks To Acquire Orient Cement

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Adani&#39;s acquisition strategy likely involves Ambuja Cement, flush with ₹24,338 crore in cash and no debt. ACC could be a contender if synergies are stronger, especially in the south, where Adani seeks a foothold.

Adani Is Ready To Shell Out $3B To Become India&#39;s Biggest Cement Maker: Report

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