Ambuja Cements Ltd Share Price (AMBUJACEM)

ACC Reports 12% YoY Rise in Revenue, Recommends Dividend - 25 Apr, 2024

ACC, a unit of Ambuja Cements, reported a 12% YoY rise in revenue from operations at ₹5,409 crore and recommended a dividend of ₹7.5 per share. The outlook for the cement industry remains positive based on higher budgetary allocation to infrastructure and construction, government's push for affordable housing, green energy transition, demand-supply dynamics, and greater consolidation.

Adani Family Raises Stake in Ambuja Cements - 24 Apr, 2024

The Adani family has infused Rs 6,661 crore in Ambuja Cements, increasing their stake to around 67%. The company has also completed the acquisition of a cement grinding unit in Tamil Nadu. Analysts remain positive on the stock with expected targets at Rs 700-730.

Ambuja Cements Plans Acquisitions to Overtake Ultratech Cement - 22 Apr, 2024

Ambuja Cements is planning acquisitions and investments to become India's largest cement maker, overtaking Ultratech Cement. The company's high P/E ratio has raised concerns among analysts, but the industry is expected to close FY24 with decent volume growth.

Adani Family Infuses Funds into Ambuja Cements - 18 Apr, 2024

The Adani family infused over Rs 16,679 crore in Ambuja Cements, raising their stake by 3.6% to 70.3%. The company aims to achieve a production target of 140 million tonnes per year by 2028. Ambuja acquired a grinding unit in Tamil Nadu and SIL contemplates raising funds on April 22.

Adani Family Invests in Ambuja Cements - 17 Apr, 2024

The Adani family has invested ₹8,339 crore in Ambuja Cements through warrants, increasing their stake by 3.6%. The fund infusion will enable strategic initiatives such as debottlenecking capex and enhancing operational performance. Nomura analysts predict no immediate pricing pressure from Ambuja's entry into southern markets. Prabhudas Lilladher expects a 4.1% YoY decline in net profit for Ambuja Cement.

Ambuja Cements Acquires Grinding Unit in Tamil Nadu - 16 Apr, 2024

Adani-owned Ambuja Cements has acquired My Home Group's grinding unit in Tamil Nadu for Rs 413.75 crore, expanding its presence in the South Indian market and taking Adani Group's total cement capacity to 78.9 MTPA.

Ambuja Cements Expands Footprint Through Acquisition; Adani Aims for 20% Market Share - 15 Apr, 2024

Ambuja Cements acquires a 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu, while Adani Group aims to secure 20% of the Indian cement market by FY28 through Adani Cement's intensified capacity expansion pace.

Adani Cement Aims to Capture 20% Market Share by FY28 - 12 Apr, 2024

Adani Cement plans to use internal resources to execute its accelerated capital expenditure program, targeting a 16% expansion rate to achieve a capacity of 140 million tonnes per annum by FY2028. The company projects a growth trajectory, aiming to elevate its current 14% market share to 20% by FY28, positioning itself as the second-largest player in the sector.

Ambuja Cements' Q3FY24 Operating Revenues and After-Tax Profits Rise - 11 Apr, 2024

Ambuja Cements Ltd's operating revenues rose from Rs 7,424 crores to Rs 8,129 crores during Q2FY24 to Q3FY24 respectively. The after-tax profits also increased from Rs 987 crores to Rs 1,090 crores in the same period. The company's P/E ratio is lower than its industry average.

Ambuja Cements Valued at Rs 620/Share, Cement Stocks Gain on Price Hike - 02 Apr, 2024

Ambuja Cements' streamlined operations and focus on low-cost green power consumption places it at par with peers, valued at Rs 620/share. Additionally, cement stocks gained as companies took an average price hike in the range of Rs 10-15 per bag across India.

Adani Group Raises Stake in Ambuja Cements - 31 Mar, 2024

The Adani Group has invested Rs 6,661 crore to increase its stake in Ambuja Cements to 66.7%, citing the company's potential to benefit from India's infrastructure boom.

Adani Family Infuses Funds into Ambuja Cements - 29 Mar, 2024

The Adani family has infused Rs 6,661 crore into Ambuja Cements, increasing their stake to 66.7%. The funds will be used for capacity expansion and strategic initiatives.

Adani Family Infuses Capital into Ambuja Cements - 28 Mar, 2024

The Adani family has invested Rs 6,661 crore in Ambuja Cements, increasing their stake in the company by 3.6% to attain a 66.7% holding. The funds infusion will aid expansion plans to take Adani's cement portfolio (Ambuja Cements-ACC included) capacity to 140 million tonnes per annum (MTPA) by 2028.

Ambuja Cements Eligible for T+0 Settlement Cycle; Cement Prices Remain Weak - 27 Mar, 2024

Ambuja Cements is one of the 25 stocks eligible for the T+0 settlement cycle starting March 28. However, the muted trend in cement prices remains a concern as they have remained weak for five consecutive months, which could impact FY24 exit prices.