Ambuja Cements hits new high ahead of closure of Adani Group's open offer

The stock has surged 17 per cent in a month ahead of the closure of Adani Group's open offer on Friday, September 9

Shares of Ambuja Cements hit a record high of Rs 446.50, up 2 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market ahead of closure of the open offer made by Adani Group on Friday, September 9. The S&P BSE Sensex was down 0.53 per cent at 58,885 at 09:23 am.

The stock of the cement company surpassed its previous high of Rs 443 touched on September 8, 2021. In the past one month, the stock has outperformed the market by surging 17 per cent, as compared to less than 1 per cent gain