Ambuja Cements hits 52-week low, falls 11% so far in May

In past one week, the stock declined 7% after the company reported lower than expected 3% YoY volume growth in March quarter.

Shares of Ambuja Cements hit a 52-week low of Rs 222 per share, down 1%, falling 11% thus far in the month of May in otherwise firm market. The S&P BSE Sensex was up nearly 1% so far in the current month.

In past one week, the stock declined 7% after the company reported lower than expected 3% year on year (YoY) volume growth in March quarter (Q1CY18) against industry volume growth at 8% YoY.

Net sales of the company in Q1CY18 grew 9% at Rs 27.63 billion on a y-o-y basis attributable to improved realisations and sales