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Ambuja Cement shares surge 7% after better-than-expected Q2 results

Updated : July 26, 2018 11:12 AM IST

Shares of Ambuja Cement traded at Rs 223.45, rising by 6.66 percent or adding Rs 13.95 in value on the BSE at 10.40 am.
Ambuja Cement reported 27 percent rise in Q2 net profit at Rs 499 crore ($72.6 million) on Wednesday, which exceeded analysts’ expectations of Rs 310 core.
Brokerage firm CLSA has cut price target to Rs 300 from Rs 325 and maintains ‘buy’ rating.
Ambuja Cement shares surge 7% after better-than-expected Q2 results
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