Moneycontrol PRO

Ambuja Cements: Subdued quarter, but all eyes on Holcim’s stake sale

The stock of Ambuja has surged 20 percent in the last one month in anticipation of the stake sale

April 29, 2022 / 11:06 AM IST
Ambuja Cements: Subdued quarter, but all eyes on Holcim’s stake sale

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The March quarter results of Ambuja Cements were on expected lines. Subdued market conditions impacted revenues and margins were under pressure because of inflationary headwinds. Meanwhile, Holcim, the parent company of Ambuja, is in advanced talks to sell its stake in the business. Investors should keep a close watch on Ambuja’s stock as the near-term price movement will be dictated by news flow around the stake sale and the new promoter group. Quarterly result highlights Ambuja Cements reported revenues of Rs...

  • PRO Panorama

    Moneycontrol Pro Panorama | Pharma companies to get inflation booster in FY24 

    Mar 28, 2023 / 02:26 PM IST

    In today’s edition of Moneycontrol Pro Panorama: India must build consensus on climate funding, fertiliser subsidy likely to dro...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Between the Fed and a hard place

    Mar 11, 2023 / 11:38 AM IST

    The Fed is caught between combating inflation and worries over a financial mishap

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers