ambuja cement share price

 

            ambuja cement share price

So why are the shares of cement companies steadily going up? Shares of many cement companies are top ranking after the acquisition of Adani Group

  Cement shares price today:

Adani Group Chairman Gautam Adani's decision to buy stake by Adani Cements in Holcim India's Indian cement companies ACC (ACC) and Ambuja Cements (CH) for $10.5 billion i.e. Rs 82,000 crore have taken. After this, there is a great rise in cement stocks in the stock exchange. The shares of all cement companies are rising.

Cement shares rise

After the announcement by Adani Cement to buy Holcim's stake in ACC and Ambuja Cement, the stock of ACC is trading 4.95 per cent higher at Rs 2218. So Ambuja Cement is trading at Rs 366.70 with a gain of 2.20 percent. After this big acquisition deal, the shares of other cement companies are also rising.

UltraTech Cement shares fall sharply

However, UltraTech Cement's stock is seeing a fall of 2.15 per cent after Holcim's Cements assets were lagging behind in buying. Shree Cement is trading at Rs 21,886 with a fall of 2.93 per cent.