Ambuja Cements builds gains after good Q2 result

Ambuja Cements rose 1.68% to Rs 272.30 at 09:25 IST on BSE after consolidated net profit rose 11.86% to Rs 718.24 crore on 15.19% increase in total income to Rs 6383.65 crore in Q2 June 2017 over Q2 June 2016. The result was announced after market hours yesterday, 24 July 2017 Meanwhile, the S&P BSE Sensex was up 32.61 points or 0.1% at 32,278.48. On the BSE, 82,000 shares were traded on the counter so far as against the average daily volumes of 3.13 lakh shares in the past one quarter. The stock had hit a high of Rs 275 and a low of Rs 271 so far during the day. The stock had hit a 52-week high of Rs 282 on 31 August 2016 and a 52-week low of Rs 191 on 22 November 2016. The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2. Consolidated operating earnings before interest, taxation, depreciation and amortization (EBITDA) rose 20.79% to Rs 1290 crore in Q2 June 2017 over Q2 June 2016. Consolidated cement sales volumes rose 7.58% to 12.78 million tonnes in Q2 June 2017 over Q2 June 2016. Commodity Trading Tips