Ambuja Cement Ltd reported robust operating performance in the June quarter. Yet, reacting to the earnings, the stock of Ambuja fell around 2% in opening trade on Monday. Analysts at Nomura Financial Advisory and Securities (India) Private Limited said that Ambuja's Q2 performance was good, but its margins are likely to compress in the second half. As far as volume growth is concerned, in the June quarter its volumes at 6.42 million tonnes, were up around 53% from 4.19 million tonnes, in the same quarter last year. It is expected to contribute meaningfully to volume growth in CY22.

Source: Mint July 26, 2021 04:52 UTC