Ambuja Cements Share Price Live

How is Ambuja Cement’s Share Price Sustaining Despite The Market Slump? Ambuja Cements to acquire My Home Group’s cement grinding unit for Rs.413 crore near the Tuticorin Port, the stock has risen against the fall of the benchmark index Nifty 50. Ambuja Cements, the cement and building material company in the Adani Group, has signed an agreement to acquire My Home Group’s 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu for Rs.413.75 crore. The acquisition is expected to enhance the company’s footprint across the southern markets of Tamil Nadu and Kerala. The Tuticorin Unit The Tuticorin unit, spread over 61 acres near the Tuticorin Port has a long-term fly ash supply agreement for raw material sourcing. Ambuja Cements plans to take advantage of the coastal location and state-of-the-art marine infrastructure, The limited availability of limestone in Tamil Nadu presents a unique competitive advantage with the coastal movement of clinker from the Sanghipuram plant ensuring cost-efficient operations. CEO’s Words Ajay Kapur, CEO – of Cement Business, Adani Group, said, "We are glad to announce this acquisition, strengthening our foothold in the region and aligning perfectly with our commitment to delivering high-quality products and services to our customers. In addition to the infrastructure and geographical advantages, Ambuja Cements will also inherit the existing dealer network and retain current employees, facilitating a smooth transition and enabling the rapid ramp-up of utilisation.” Adani Group’s Cement Market Ambuja Cement Ltd is a part of the Diversified Cement segment of the Adani group, with ACC Ltd. and Sanghi Industries Ltd taken the Adani Group’s cement capacity to 78.9 MTPA with 18 integrated cement manufacturing plants and 19 cement grinding units across the country. Financial Track-record of Ambuja Cements Ambuja Cements reported a standalone net profit of Rs.513.69 crore for the third quarter of FY24, recording a growth of 39.2% from Rs.368.99 crore in the year-ago quarter. Ambuja Cements’ standalone revenue from operations in Q3FY24 increased 7.5% YoY to Rs.4,439.5 crore from Rs.4,128.5 crore. Its sales volume rose to 8.2 million tonnes from 7.7 million tonnes in the same period last year. Analysts View Analysts have a positive outlook for Ambuja Cements and they say that Ambuja Cements are looking positive on chart patterns. The stock may give sharp upside movement once the Indian Market stabilises after the current selling pressure. Conclusions: Even though the stock has not given any quick surge after this news the thing to notice is that the stock has not fallen concerning its benchmark indices and once the current selling pressure gets absorbed, the stock may continue its strong uptrend. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Ambuja Cements Share Price Today - Buy/Sell Ambuja Cements Stock | Angel One Ambuja Cements Share Price - Get Ambuja Cements LIVE BSE/NSE Stock price with the latest research reports, balance sheet and share price history of Ambuja Cements at Angel One.