Ambuja Cements drops after Q1 earnings
Ambuja Cements lost 0.68% to Rs 188.70 at 13:59 IST on BSE after net profit jumped 56.26% to Rs 487.90 crore on 3.53% decline in total income from operations to Rs 2557.02 crore in Q1 March 2013 over Q1 March 2012.
The company announced Q1 results during trading hours today, 3 May 2013.
Meanwhile, the S&P BSE Sensex was down 124.89 points or 0.63% at 19,610.88.
On BSE, 2.73 lakh shares were traded in the counter as against average daily volume of 1.26 lakh shares in the past one quarter.
The stock hit a high of Rs 194.95 and a low of Rs 188.70 so far during the day. The stock had hit a record high of Rs 220.70 on 5 October 2012. The stock had hit a 52-week low of Rs 135.60 on 23 May 2012.
The stock had outperformed the market over the past one month till 2 May 2013, surging 7.34% compared with the Sensex's 3.65% rise. The scrip had, however, underperformed the market in past one quarter, declining 4.59% as against Sensex's 0.23% fall.
The large-cap cement maker has equity capital of Rs 308.55 crore. Face value per share is Rs 2.
Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports markets.
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