Ambuja Cements : Top Nifty Gainer

The stock of Ambuja Cements, a leading cement company skyrocketed 8.5% to Rs 267.50 per share in the morning session on the NSE due to market buzz regarding the potential merger of the company with another cement major ACC.

The stock of hit an intraday high of Rs 268.95 per share on the NSE. The volume traded so far is 1,09,24,220. The stock is the top Nifty gainer of the day.

On the BSE, the stock is trading at Rs 264.50 per share up by 7.3% at 09:58 AM IST. It hit a high of Rs 268.65 and a low of Rs 258.10 so far. The stock also witnessed a spurt in the volume by more than 2.91 times.

According to analysts, the prospect of the company seems good as the merger would strengthen its manufacturing capacity by a great number.

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About Suhani Varma

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