Ambuja Cements Ltd, part of the Adani Group, has announced that it will acquire a 46.8 percent stake in Orient Cement Ltd, at an equity value of Rs 8,100 crore. The deal will be executed through the purchase of shares from the promoters of Orient Cement as well as certain public shareholders, at Rs 395.4 per share.The acquisition will be carried out in two stages: Ambuja Cements will acquire 37.9 ...

Ambuja Cements shares opened strong on Monday, rising over 1 percent, while HeidelbergCement India stock jumped over 13 percent after a news report said that the Adani Group is in discussions to acquire HeidelbergCement India and Zuari Cement from the German parent firm. The acquisition could be valued at around Rs 10,000 crore, reported The Economic Times, citing unidentified sources.At open, Amb...

Shares of cement stocks- Ambuja Cements and Ultratech inched higher on July 15 after Morgan Stanley rolled out bullish views for the two industry majors. The brokerage firm upgraded Ambuja Cements to 'overweight', raising its price target to Rs 775. Alongside, it also raised the target price for Ultratech Cement to Rs 13,620, while retaining its 'overweight' call on the stock.Reacting positively t...

Shares of Ambuja Cements soared over 3 percent on July 11 after brokerage firm Nomura double upgraded the cement manufacturer to a 'buy' rating, factoring in the company's aggressive capacity expansion.Along with this upgrade, the brokerage firm has raised its price target for Ambuja's stock from Rs 500 to Rs 780, a significant increase of nearly 56 percent.Nomura attributed this sharp rise in the...

Ambuja Cements' entry into the high-priced Kerala and Tamil Nadu markets won't be disruptive just yet, according to a report by analysts at brokerage Nomura.The analysts wrote that the incumbents are well-placed and that they do not expect any pricing pressure immediately. The incumbents include Ramco Cements.  In its  April 16 report, Nomura issued a reduced call on Ambuja Cements, with a targe...