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Ambuja Cements surges on reporting 44% growth in Q3 net profit

31 Oct 2014

Ambuja Cements is currently trading at Rs. 226.40, up by 2.50 points or 1.12% from its previous closing of Rs. 223.90 on the BSE.

The scrip opened at Rs. 227.85 and has touched a high and low of Rs. 228.30 and Rs. 224.75 respectively. So far 89325 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. 228.45 and Rs. 216.85 respectively. The current market cap of the company is Rs. 35003.63 crore.

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

Ambuja Cements has reported results for third quarter ended September 30, 2014. The company has registered 44.03% rise in its net profit after taxes at Rs 239.06 crore for the quarter under review as compared to Rs 165.97 crore for the same quarter in the previous year. Total income of the company has increased 9.12% at Rs 2290.57 crore for Q3FY15 as compared Rs 2098.95 crore for the corresponding quarter previous year.

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.

Related Ambuja Cements Ltd. Links:

Ambuja Cement Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323