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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more