Ambuja Cements gains on planning to increase cement capacities
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Ambuja Cements is currently trading at Rs. 377.45, up by 5.60 points or 1.51% from its previous closing of Rs. 371.85 on the BSE.
The scrip opened at Rs. 371.85 and has touched a high and low of Rs. 378.50 and Rs. 369.00 respectively. So far 167443 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 390.90 and Rs. 369.00 respectively. The current market cap of the company is Rs. 74699.97 crore.
The promoters holding in the company stood at 63.19%, while Institutions and Non-Institutions held 29.48% and 7.34% respectively.
Ambuja Cements is planning to increase cement capacities and move closer to its target of 50 million tonnes per annum in the near future. Ambuja has ambitious growth plans to increase cement capacities. The company is well-positioned to meet the expanding demand and has commissioned a modern green cement plant at Marwar.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.
