Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why

Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE

Shares of cement & cement product companies -- Ambuja Cements and Nuvoco Vistas Corporation -- gained up to 6 per cent on the BSE in Friday's intra-day trade amid heavy volumes.

In the past one month, these stocks have corrected 11 per cent and 33 per cent, respectively, after reporting weak set of numbers for the quarter ended December 2021 (Q3FY22). In comparison, the S&P BSE Sensex was down 3 per cent during the same period.

Shares of Nuvoco Vistas Corporation, for instance, was up 6 per cent at Rs 316 on the BSE. A combined 5.41 million