Ambuja Cements plunges 3% as Q4 profit falls 30%
By IRIS
08th February 2013 10:17 AM
Ambuja Cements, one of the leading cement
companies in India, fell on Friday after reporting a fall of 30.13%
in net profit to Rs 2.11 billion for the quarter ended Dec. 31,
2012 as compared to Rs 3.02 billion in the same period last
year.
Net sales of the company marginal fell 0.69% to Rs 23.13 billion
for the quarter ended Dec. 31, 2012 from Rs 23.29 billion in the
year ago period.
Shares ofthe companyare trading at Rs
194.05, down Rs 6, or 3% at the Bombay Stock Exchange (BSE) on
Friday at 9:40 a.m.The scrip has touched an intra-day high of Rs
196 and low of Rs 192.50. The total volume of shares traded at the
BSE is 75,672.In the earlier session, the shares lost 2.68%, or Rs
5.5, at Rs 200.05. Currently, the stock is trading down 12.08% from
its 52-week high of Rs 220.70 and above 43.1% over the 52-week low
of Rs 135.60.
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