Ambuja Cements up 3%, hits new high in a weak market on fund raising plan

The board of directors of Ambuja Cements is scheduled to meet on September 16, 2022 to consider and evaluate proposal for raising of funds

Shares of Ambuja Cements hit a new high of Rs 503 on the BSE as the stock gained 3.4 per cent in Wednesday's intra-day trade despite overall market weakness. The spurt came after the company said its board will meet on Friday, September 16, 2022 to consider fund raising plan. In comparison, the S&P BSE Sensex was down 0.89 per cent at 60,033 points at 09:35 AM.

 "A meeting of the board of directors of Ambuja Cements is scheduled to be held on September 16, 2022 inter-alia, to consider and evaluate proposal for raising of funds by way of issue