Ambuja Cements jumps on surge in November despatches

02 Dec 2011

Ambuja Cements is currently trading at Rs 150.85, up by 1.65 points or 1.11% from its previous closing of Rs 149.20 on the BSE.

The scrip opened at Rs 149.00 and has touched a high and low of Rs 151.00 and Rs 149.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs. 164.80 on 14-Nov-2011 and a 52 week low of Rs 112.00 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs 153.50 and Rs 144.30 respectively. The current market cap of the company is Rs 23,118.00 crore.

The promoters holding in the company stood at 50.35% while Institutions and Non-Institutions held 38.42% and 9.08% respectively.

Ambuja Cements shipments in November surged 29.31 percent from a year ago to 18.31 lakh tonnes. The company, in which Swiss cement maker Holcim holds about 46 percent, reported rise in production by 26.24 percent to 18.14 lakh tonnes in November from 14.37 lakh tonnes a year earlier.

Cumulative despatches of the company during the January- November period jumped by 4 percent to 190.28 lakh tones against 182.97 lakh tones during the corresponding period a year ago. The company’s shipments in October rose 1.66 percent from a year ago to 17.81 lakh tonnes.

The company’s net profit for the september quarter surged by 12.75% at Rs 171.48 crore as compared to Rs 152.09 crore for the corresponding quarter of the previous year. Company’s total Income increased by 17.18% at Rs 1890.77 crore for the third quarter of the current fiscal from Rs 1613.56 crore for the corresponding quarter of the previous year.


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