Ambuja Cement News
Ambuja Cements share price surges 4% amid reports of promoters selling some stake via block deal
Ambuja Cements share price surged over 4 per cent in early deals on the BSE on Friday, August 23, amid reports of promoters selling some stakes via a block deal.
1 min read23 Aug 2024Adani family looks to raise $3.6 bn via sales of promoter stakes as shares of group firms skyrocket
Billionaire Gautam Adani’s family may raise as much as ₹30,000 crore by paring part of their promoter holdings in listed Adani group firms, as a part of their portfolio-re-balancing strategy
4 min read23 Aug 2024Ambuja Cements Q1 Results Live : profit falls by 28.63% YOY
Ambuja Cements Q1 Results Live : Revenue decreased by 4.61% YoY & profit decreased by 28.63% YoY
1 min read1 Aug 2024Ambuja Cement Q1 net profit down 29%, revenues fall 5%
Ambuja Cement plans to focus on cost reduction and capacity expansion, including the strategic acquisition of Penna Cement, which will increase capacity to 89 MTPA by Q2 FY25. Additionally, a projected 7-9% growth in cement demand in FY25 bodes well for the company.
2 min read31 Jul 2024In the grinding battle for cement, UltraTech makes a big move in the south
UltraTech will buy out India Cements promoters N. Srinivasan and associates, followed by an open offer for 26% in the company. The move marks the exit of Srinivasan from India Cements, and a new milestone in UltraTech’s effort to retain its leadership of the cement market
4 min read29 Jul 2024Cement: Too early for the consolidation party
The quest for market share gains has meant large cement companies with strong balance sheets continue to acquire smaller and financially weaker ones.
3 min read1 Jul 2024Ambuja Cements share price jumps 3% as Penna Cement acquisition seem value accretive; analysts bullish on Adani firm
Ambuja Cements will acquire 100% shares of PCIL from its existing promoter group, Pratap Reddy and family and the acquisition will be fully funded through internal accruals, the Adani Group cement manufacturer said in a regulatory filing on Thursday.
3 min read14 Jun 2024Ambuja Cements Q4 Results Live : profit rise by 63.61% YOY
Ambuja Cements Q4 Results Live : Revenue increased by 11.82% YoY & profit increased by 63.61% YoY
1 min read3 May 2024Ambuja Cements Q4 results: Net profit rises 6% YoY to ₹532 crore; announces dividend of ₹2
Ambuja Cements Q4 results: Ambuja Cements posted a consolidated net profit growth of 64% at ₹1,055.30 crore from ₹644.94 crore last year. Consolidated revenue from operations in Q4FY24 increased 12% YoY to ₹8,893.99 crore.
1 min read1 May 2024Why Ambuja Cements share price trading flat despite stock market crash?
Ambuja Cements share price rebounded strongly from today’s low and hit an intraday high of ₹615.60 apiece, logging 4% upside from Monday’s low
3 min read15 Apr 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared