Ambuja Cement hardens on hopes of good rains

DALAL STREET SPIKES

This suggests the possibility of brisk business in the next financial year. The India Meteorological Department's forecast of a good monsoon this year augurs well for the cement sector as it could boost the demand for rural housing.

The stock made an intra-day high and low of Rs 93.20 and Rs 88, with volumes of 11,33,961 shares. The stock has declined more than 18 per cent in the last one month.