Ambuja Cements shares rose over 2 percent in early morning trade on August 1, a day after the stock plunged 4.5 percent following the release of its April-June quarter results. The rise in the share price today comes as brokerages remained optimistic on the stock, seeing strong upside potential from current levels.Ambuja Cements on July 31 reported a net profit of Rs 788 crore for the first quarte...

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...