Ambuja Cements shares have surged, trading at Rs. 640.65, marking an increase of 18.90 points or 3.04% from its previous close of Rs. 621.75 on the BSE.

The stock began trading at Rs. 628.85 and has reached a high of Rs. 641.50 and a low of Rs. 623.45. A total of 50,818 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, has seen a 52-week high of Rs. 706.85 on July 2, 2024, and a 52-week low of Rs. 404.00 on November 1, 2023.

In the past week, the stock has fluctuated between Rs. 645.00 and Rs. 616.20. The company's current market capitalization stands at Rs. 157,098.02 crore.

Promoters hold 70.33% of the company, while institutional and non-institutional investors hold 22.84% and 6.83%, respectively.

Ambuja Cements has finalized the acquisition of Penna Cement Industries (PCIL) as of August 16, 2024. Consequently, PCIL is now a subsidiary of Ambuja Cements.

Previously, Ambuja Cements had secured approval for acquiring a 100% stake in PCIL through a binding agreement. This acquisition aligns with Ambuja's strategy to expand its presence in the cement manufacturing market. The acquisition cost is Rs. 10,422 crore.

Ambuja Cements is involved in the production and marketing of cement and clinker for both domestic and international markets. It is a significant entity within Adani Cement and part of the Adani Group.