Ambuja Cements plunges 3% as Q4 profit falls 30%
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.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 199.15 0.90 0.45 1 Month 197.10 2.95 1.50 3 Months 214.05 (14.00) (6.54) 6 Months 194.20 5.85 3.01 1 Year 177.95 22.10 12.42 Note: Based on previous day closing price.
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