Ambuja Cements rose 1.29% to Rs 153.25 at 15:07 IST on BSE after a bulk deal was executed on the counter on BSE today, 18 February 2014.
A bulk deal of 10 lakh shares was executed on the Ambuja Cements counter at Rs 153.25 per share at 13:09 IST on BSE today, 18 February 2014. The bulk deal saw 0.06% equity of Ambuja Cements changing hands.
Meanwhile, the BSE Sensex was up 213.18 points, or 1.04%, to 20,677.24
Bulk deal boosted volume on the Ambuja Cements scrip. On BSE, so far 10.45 lakh shares were traded in the counter, compared with an average volume of 98,512 shares in the past one quarter.
The stock hit a high of Rs 153.65 and a low of Rs 150.75 so far during the day. The stock hit a 52-week high of Rs 211.90 on 18 July 2013. The stock hit a 52-week low of Rs 147.55 on 28 August 2013.
The stock had underperformed the market over the past one month till 17 February 2014, falling 10.92% compared with the Sensex's 2.85% fall. The scrip had also underperformed the market in past one quarter, falling 14.2% as against Sensex's 0.32% rise.
The large-cap company has an equity capital of Rs 309.17 crore. Face value per share is Rs 2.
On 12 February 2014, Ambuja Cements said that pursuant to a notice received from the Ministry of Environment and Forest, the mining operation at the company's Himachal Pradesh (HP) plants has been kept in abeyance.
While complying with the notice of the ministry, the company is exploring making representation to the concerned authority and taking all the measures for withdrawal of the said notice including the recourse, if necessary, to the legal remedies, Ambuja Cements said in a statement.
While the clinker production at the company's Darlaghat plant has stopped temporarily till the abeyance is lifted, the cement production and dispatches are unaffected with the help of available clinker inventory. Also, the company has drawn plans to mobilize the clinker from its other plants, its Associates and the market to ensure uninterrupted supply of cement in the market, the company said.
Ambuja Cements' net profit rose 49.3% to Rs 316.50 crore on 5.2% decline in total income to Rs 2297.62 crore in Q4 December 2013 over Q4 December 2012.
Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports markets.
Powered by Capital Market - Live News
