Ambuja Cements drops in early trade

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Meanwhile, the S&P BSE Sensex was up 14.56 points or 0.05% at 28,676.14. On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 1.12 lakh shares in the past one quarter. The stock had hit a high of Rs 238.50 and a low of Rs 232.25 so far during the day. The stock had hit a 52-week high of Rs 282 on 31 August 2016 and a 52-week low of Rs 185 on 29 February 2016.

The stock had outperformed the market over the past one month till 20 February 2017, surging 10.07% compared with the Sensex's 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 20.33% as against the Sensex's 9.6% rise. The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2. Ambuja Cements' consolidated net profit surged 85.24% to Rs 205.70 crore on 102.41% growth in total income to Rs 4993.30 crore in Q4 December 2016 over Q4 December 2015.

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