The cement major reported a 376% year-on-year increase in profit after tax to ₹538 crore in the December quarter of FY24, as against ₹113 crore in the corresponding period of the previous year.
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
Shares of ACC and Ambuja Cements rallied after the management refuted reports claiming that shares of both recently acquired cement entities were pledged by promoters.
Company EGM passes resolution to raise ₹20,000 cr by issuing securities on a preferential basis to Adani group’s Harmonia Trade. Gautam Adani, his son Karan Adani also appointed to the Ambuja board.