Ambuja Cements, owned by the Adani Group, reported a 24% on-year jump in consolidated net profit, reaching ₹970 crore, driven by record sales volume and revenue exceeding ₹10,000 crore. Despite strong performance, the bottom line fell short of market expectations, leading to a share price decline. The company’s market share also improved, supported by increased production capacity.
Concurrent Gainers: 8 smallcap stocks that gain for 5 days in a row
The benchmark finished in the red in three of the five sessions between December 8 and 12. Despite broader market weakness and some volatility, eight