Ambuja Cement surges on launching premium quality cement product in Maharashtra

20 Oct 2014

Ambuja Cements is currently trading at Rs. 211.75, up by 4.10 points or 1.97% from its previous closing of Rs. 207.65 on the BSE.

The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 212.35 and Rs. 209.00 respectively. So far 28532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 243.85 on 09-Jun-2014 and a 52 week low of Rs. 150.50 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 212.50 and Rs. 203.90 respectively. The current market cap of the company is Rs. 32881.73 crore.

The promoters holding in the company stood at 50.39% while Institutions and Non-Institutions held 39.68% and 7.97% respectively.

Ambuja Cement has launched a premium quality cement product -- Ambuja Plus -- in the state of Maharashtra. This innovative product is created with an advanced formula, offering additional strength than ordinary cement. At a grand launch held at Nagpur, the newly launched product Ambuja Plus is aimed mainly at small consumers or Individual House Builders.

Ambuja Plus is special quality PPC cement with advanced SPE technology that makes concrete stronger and easier to work with. It is packed in a special tamperproof bag which keeps moisture out and thus retains the freshness of cement for a longer time.

Ambuja Cement is a part of a global conglomerate Holcim and its current cement capacity is 27.25 million tonnes. The company has five integrated cement manufacturing plants and eight cement grinding units across the country.

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