 "Ambuja Cements rebounds after huge block deal")
Ambuja Cements has gained 1.5% to Rs 201, rebounding 3% from its intra-day low of Rs 195 on the BSE, after a huge block deal executed on the counter.
At 12:53 pm, about 9 million equity shares representing 0.58% of total equity of Ambuja Cements have changed hands at price around of Rs 196.80 per share, the BSE data shows.
Meanwhile, in past one-week the stock gained 6% from Rs 189 on December 11, after the Competition Appellate Tribunal (Compat) set aside Competition Commission of India’s (CCI) penalty order in a 2012 case, and asked the competition regulator for the fresh adjudication of the issues.
The Order, inter alia, provides for the appellants (including Ambuja Cements) to withdraw the amount deposited by them in compliance of the interim order passed by the Tribunal, Ambuja Cements said in a filing.
At 01:58 pm, the stock was up 1% at Rs 200 on the BSE as compared to 0.60% decline in the S&P BSE Sensex. A combined 11.07 million shares changed hands on the counter on the BSE and NSE.
At 12:53 pm, about 9 million equity shares representing 0.58% of total equity of Ambuja Cements have changed hands at price around of Rs 196.80 per share, the BSE data shows.
Meanwhile, in past one-week the stock gained 6% from Rs 189 on December 11, after the Competition Appellate Tribunal (Compat) set aside Competition Commission of India’s (CCI) penalty order in a 2012 case, and asked the competition regulator for the fresh adjudication of the issues.
The Order, inter alia, provides for the appellants (including Ambuja Cements) to withdraw the amount deposited by them in compliance of the interim order passed by the Tribunal, Ambuja Cements said in a filing.
At 01:58 pm, the stock was up 1% at Rs 200 on the BSE as compared to 0.60% decline in the S&P BSE Sensex. A combined 11.07 million shares changed hands on the counter on the BSE and NSE.
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