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Ambuja Cements scales record high on good January production and dispatches data

Capital Market / 15:41 , Feb 02, 2012

Ambuja Cements gained 3.62% at Rs 170.20 after cement production reportedly rose 3.26% while dispatches rose 3.8% in January 2012 over January 2011.

Meanwhile, the BSE Sensex was provisionally up 105.04 points, or 0.61%, to 17,405.62

On BSE, 6.66 lakh shares were traded in the counter as against an average daily volume of 1.99 lakh shares in the past one quarter.

The stock hit a record high of Rs 170.80 in intraday trade today, 2 February 2012. It hit a low of Rs 165.20. The stock hit a 52-week low of Rs 112 on 11 February 2011.

The stock underperformed the market over the past one month till 1 February 2012, rising 5.69% compared with the Sensex's return of 11.94%. The stock, however, outperformed the market in past one quarter, rising 6.17% as against Sensex's decline of 1.03%.

The large-cap cement maker has an equity capital of Rs 306.87 crore. Face value per share is Rs 2.

As per reports, Ambuja Cements' cement production rose 3.26% to at 1.90 million tonne while despatches rose 3.8% to 1.91 million tonne in January 2012 over January 2011.

Ambuja Cements will declare its year ended December 2011 results on 9 February 2012. The company's net profit rose 12.7% to Rs 171.48 crore on 15.4% growth in net sales to Rs 1805.10 crore in Q3 September 2011 over Q3 September 2010.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports markets.

 



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