Ambuja Cements is currently trading at Rs. 677.00, up by 12.70 points or 1.91% from its previous closing of Rs. 664.30 on the BSE.

The scrip opened at Rs. 689.95 and has touched a high and low of Rs. 690.00 and Rs. 673.00 respectively. So far 370548 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 690.00 on 14-Jun-2024 and a 52 week low of Rs. 404.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 690.00 and Rs. 624.05 respectively. The current market cap of the company is Rs. 163625.29 crore.

The promoters holding in the company stood at 66.74%, while Institutions and Non-Institutions held 25.57% and 7.69% respectively.

Ambuja Cements has received approval for the acquisition of 100% stake in Penna Cement Industries (PCIL) by way of entering into binding agreement. The acquisition is in line with the company’s strategy to increase its footprint in the cement manufacturing market. Cost of acquisitions is Rs 10,422 crore. The said acquisition is expected to be completed within 3-4 months. The Board of Directors of the company at its meeting held on June 13, 2024 has approved the same. 

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.