The strong performance increases the probability of Hindalco.
In the first nine months of FY17, United Spirits posted 6.5% sales growth, and its operating margin for the period was 9%.
Experts say the companies distributing almost all the cash on their books will help make the merger process easier
The current valuations have factored in the long-term growth sustainability.
The combined capacity of ACC and Ambuja, at 63.06 million tonnes annually, will help LafargeHolcim inch closer to rival UltraTech Cement, the market leader at 70 MT.
According to the data from the Ministry of Steel, in FY17, the domestic steel consumption was 84 million tonnes (MT).
You must check out the five best performing stocks in the BSE 500 list.
Some commodity analysts have expressed a sombre price outlook on the stock for medium term.
The impact is already evident in the domestic steel sector - SAIL would be the hardest hit.
Indiabulls stock ended about 40% higher at Rs 148.15 on Monday.
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