Ambuja Cements inches up on incorporating wholly owned subsidiary
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Ambuja Cements is currently trading at Rs. 526.00, up by 0.95 points or 0.18% from its previous closing of Rs. 523.75 on the BSE.
The scrip opened at Rs. 526.00 and has touched a high and low of Rs. 527.50 and Rs. 523.75 respectively. So far 26842 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.15 on 09-Dec-2022 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. 536.70 and Rs. 513.75 respectively. The current market cap of the company is Rs. 103998.17 crore.
The promoters holding in the company stood at 63.22%, while Institutions and Non-Institutions held 27.57% and 9.22% respectively.
Ambuja Cements has incorporated a wholly owned subsidiary (WOS) company in the name of 'Ambuja Resources’ (ARL) on January 5, 2023. The said WOS has been incorporated for manufacturing of Cement & allied product, alternate fuel and power generation. ARL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad and is yet to commence its business operations.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.
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