The company made the announcement during trading hours today, 17 May 2013.
Meanwhile, the S&P BSE Sensex was up 53.41 points or 0.26% at 20,300.74.
On BSE, 3.62 lakh shares were traded in the counter as against average daily volume of 1.48 lakh shares in the past one quarter.
The stock hit a high of Rs 192.40 and a low of Rs 186.45 so far during the day. The stock had hit a record high of Rs 220.70 on 5 October 2012. The stock had hit a 52-week low of Rs 135.60 on 23 May 2012.
The stock had underperformed the market over the past one month till 16 May 2013, gaining 3.64% compared with the Sensex's 8.01% rally. The scrip had also underperformed the market in past one quarter, declining 2.81% as against Sensex's 4% rise.
The large-cap cement maker has equity capital of Rs 308.62 crore. Face value per share is Rs 2.
Ambuja Cements during trading hours today, 17 May 2013 said that the Competition Appellate Tribunal (COMPAT) has passed an order granting the stay on a penalty of Rs 1163 crore imposed by the Competition Commission of India on the company relating to the competition law proceedings started in 2010 which aimed at investigating the conduct of several leading cement manufacturers in India including Ambuja Cements. The stay on order was with condition that company will deposit 10% of the penalty amounting to Rs 116.30 crore within 4 weeks.
Ambuja Cements net profit jumped 56.3% to Rs 487.90 crore on 3.3% decline in net sales to Rs 2544.83 crore in Q1 March 2013 over Q1 March 2012.
Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports markets.
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