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...

Adani family infuses Rs 6,661 crore into Ambuja Cements, raises stake to 66.7%, The latest follows the infusion of Rs 5,000 crore by the promoter into the company for exercising the warrants issuance approved by the board of the Company in October 2022.Adani family, the Ambuja Cement promoters have infused Rs 6,661 crore into the cement and building materials flagship company under the Adani portf...

Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has asked shareholders to vote against Ambuja Cements’ proposal to raise up to Rs 20,001 crore from an Adani family firm.The advisory firm also asked shareholders not to support two other resolutions — both appointments were of independent directors – even as it green-flagged all the remaining nine motions.“Assu...

Bulls may attempt a comeback on Dalal Street as BSE Sensex, NSE Nifty 50 are expected to open in the green, according to early trends on the SGX Nifty. Nifty futures were up 26 pts or 0.15% on the Singapore exchange hinting a positive start for broader benchmark index in India. “Markets have shown tremendous strength so far amid the global turmoil however the lingering fear of aggressive rate hi...

Shares of large-cap cement manufacturer Ambuja Cements Ltd. were flat in Wednesday's trade on the National Stock Exchange following a mixed earnings performance in the June quarter (Q2CY22). The company follows a January to December accounting year.On a standalone basis, its Ebitda declined 29% year-on-year (y-o-y) and 13% sequentially, hit by higher energy and freight costs. Ebitda is short for e...