Ambuja Cements extends Friday's surge on strong November shipments

Meanwhile, the BSE Sensex was down 64.96 points, or 0.39%, to 16,781.87

On BSE, 2.55 lakh shares were traded in the counter as against an average daily volume of 2.16 lakh shares in the past one quarter.

The stock hit a high of Rs 155 and a low of Rs 149 so far during the day. The stock had hit a 52-week high of Rs 164.80 on 14 November 2011 and a 52-week low of Rs 112 on 11 February 2011.

The stock had outperformed the market over the past one month till 2 December 2011, rising 2.17% compared with the Sensex's decline of 3.54%. The scrip had also outperformed the market in past one quarter, advancing 18.18% as against 0.15% rise in the Sensex.

 

The large-cap cement maker has an equity capital of Rs 306.60 crore. Face value per share is Rs 2.

Shares of Ambuja Cements had jumped 7.21% to Rs 159.95 on Friday after the company said that cement production rose 25.69% to 1.81 million tonnes in November 2011 from 1.44 million tonnes in November 2010. The growth in November 2011 shipments was due to a statistical low base in November 2010, the company said.

Ambuja Cements' net profit rose 12.7% to Rs 171.48 crore on 15.4% growth in net sales to Rs 1805.10 crore in Q3 September 2011 over Q3 September 2010.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports markets.

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