Ambuja Cements Ltd (ABUJ.NS)
6 Dec 2013
|Market Cap (Mil.):||Rs287,270.09|
|Shares Outstanding (Mil.):||1,545.29|
MUMBAI - Shares in Ambuja Cements Ltd and ACC Ltd fall after the cement makers reported lower-than-expected July-September earnings.
MUMBAI - Cement makers ACC Ltd and Ambuja Cements Ltd said on Wednesday they expected no speedy revival in demand after posting drops in quarterly profit.
MUMBAI - Shares in Ambuja Cements slumped as much as 15 percent on Thursday, a day after Holcim said it would raise stake in the company in a restructuring of its operations in India.
* At least three brokerages downgrade their ratings on Ambuja Cements Ltd after Holcim Ltd said on Wednesday that it would raise stake in the company in a restructuring of its operations in India. * Bank of America Merrill Lynch cuts the company to "neutral" from "buy", while Religare has cut it to "sell" from "hold" and recommended investors to switch to other large-cap cement companies such as UltraTech Cements Ltd. * "We think upside potential from Ambuja's CY14-EPS recovery may be dulled b
* The BSE index edges down 0.04 percent and the NSE index inches down 0.11 percent. * Ambuja Cements Ltd slumps 12.5 percent after Holcim Ltd said on Wednesday that it would raise stake in the company in a restructuring of its operations in India. Shares in ACC Ltd fall 4 percent. * Hindustan Unilever Ltd falls 1 percent on profit-taking a day ahead of its June-quarter earnings, after touching an all-time high of 725 rupees on Wednesday. * Asian stocks retreated from seven-week highs on Thursd
MUMBAI/ZURICH - Holcim is to raise its stake in Ambuja Cements Ltd in a restructuring of its operations in the country that the Swiss cement maker said would cut costs.
* Ambuja to buy 24 pct of Holcim India for $586 mln in cash
July 24 - Indian cement maker Ambuja Cements Ltd reported a 31 percent fall in profit for the April-June quarter, on lower volumes due to a slowdown in home building and infrastructure projects in India.
Reuters Market Eye - India's Ambuja Cements Ltd may miss profit consensus forecast for the April-June quarter when it reports results on Wednesday, according to Thomson Reuters StarMine data.
* India's Ambuja Cements Ltd may miss profit consensus forecast for the April-June quarter when it reports results on Wednesday, according to Thomson Reuters StarMine data. * StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Ambuja Cements to report a profit of 3.19 billion rupees ($53.6 million) for the quarter, compared with a consensus mean estimate of 3.42 billion rupees. * Credit Suisse also downgraded the stock to "neutral" from "outpe