Ambuja Cements moves up after good Q4 results

Ambuja Cements rose 2.23% to Rs 263.50 at 15:23 IST on BSE after net profit rose 88.83% to Rs 338 crore on 19.38% increase in net sales to Rs 2612 crore in Q4 December 2017 over Q4 December 2016.

The result was announced during trading hours today, 20 February 2018.

Meanwhile, the S&P BSE Sensex was down 63.21 points, or 0.19% to 33,711.45.

On the BSE, 3.90 lakh shares were traded in the counter so far compared with average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 264.20 and a low of Rs 256.90 so far during the day. The stock hit a record high of Rs 291.30 on 13 September 2017. The stock hit a 52-week low of Rs 223.25 on 9 March 2017.

 

The stock had outperformed the market over the past 30 days till 19 February 2018, falling 4% compared with 4.89% fall in the Sensex. The scrip had underperformed the market in past one quarter, falling 1.53% as against Sensex's 0.89% rise. The scrip had underperformed the market in past one year, rising 7.66% as against Sensex's 17.84% rise.

The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2.

Ambuja Cements, a part of the global conglomerate LafargeHolcim, is among the leading cement companies in India.

Powered by Capital Market - Live News