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Ambuja Cements Limited (AMBUJACEM.BO)

BSE - BSE Real-time price. Currency in INR
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676.95+14.65 (+2.21%)
At close: 03:59PM IST
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Previous close662.30
Open689.95
Bid673.10 x 0
Ask673.80 x 0
Day's range673.00 - 690.00
52-week range404.00 - 690.00
Volume764,048
Avg. volume166,611
Market cap1.667T
Beta (5Y monthly)0.14
PE ratio (TTM)40.66
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield2.00 (0.30%)
Ex-dividend date14 Jun 2024
1y target estN/A
  • Bloomberg

    Adani Group Buys Penna Cement For $1.2 Billion Enterprise Value

    (Bloomberg) -- Ambuja Cements Ltd., owned by Adani Group, has signed a binding agreement to acquire Penna Cement Industries at an enterprise value of 104.2 billion rupees ($1.2 billion) as billionaire Gautam Adani’s conglomerate returns to capital spending after rebounding from the US-based short-seller’s attack in early 2023.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was

  • Reuters

    Adani's Ambuja buys rival in $1.25 billion deal to boost southern hold

    BENGALURU (Reuters) -Adani-backed Ambuja Cements bought out smaller rival Penna Cement Industries [PENC.NS] on Thursday for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region. The deal comes nearly a year after the conglomerate, through Ambuja, bought a majority stake in debt-ridden Sanghi Industries, to boost its cement presence in the country and compete with market leader UltraTech Cement. Ambuja said the buyout of Penna Cement will help improve Adani's share in India's southern cement market by roughly 8%, with the deal coming a few months after UltraTech bolstered its own hold in the region by buying Kesoram's cement assets.

  • Reuters

    India's Ambuja Cements to invest $723 million for green power production

    BENGALURU (Reuters) -Indian construction materials maker Ambuja Cements will invest 60 billion rupees (nearly $723 million) in renewable power projects, the company said on Monday. The Adani Group-owned company added that the capacity from solar power and wind power projects will be achieved by fiscal 2026, and add to its existing capacity of 84 MW. These projects will increase the company's total green power capacity to 60% from the existing 19%, it said.