Buy Gujarat Ambuja Cements

Dear cool-man
Is There any news Abt Ambuja Cements??
It is Floating frm 135-143 range,only once or two it hit 148
how many months u consider to Achieve its target of 155
Holcim picked up 1.65 per cent stake in Gujarat Ambuja Cements for over Rs 300 crore through open market operations, taking its holding in the company to nearly 21 per cent.

Holderind Investments, part of the Holcim group, acquired 22.5 million shares of Gujarat Ambuja for Rs 136.65 a piece. The Indian promoters, the Sekhsharia-Neotia combine, hold 5.28 per cent stake.

Holcim had bought 3.7 per cent in Gujarat Ambuja Cements from its Indian promoters for Rs 690 crore two months ago.

The deal price of Rs 136.65 a share is 30 per cent higher than the Rs 105 a share — including a non-compete fee — that Holcim paid in January to buy 14.8 per cent stake in Gujarat Ambuja from its founders, the Sekhsaria and the Neotia families.

** Broking house, Batlivala & Karani securities expects Gujarat Ambuja to post a revenue of Rs 1306.1 crore in December quarter, up by 68.9% YoY and its PAT is expected to rise by 268% YoY at Rs 349.6 crore in Q3FY07.
Gujarat Ambuja informed bourses that its board approved a capital expenditure of Rs 1,519 crore on a new cement plant with a capacity of 3 million tonnes (mt) per annum and two split grinding stations in Himachal Pradesh, to be commissioned by March 2009. Gujarat Ambuja is also implementing a Rs 1,050-crore project for a 3-mt plant in Chhattisgarh and setting up another grinding station in West Bengal. These will be commissioned by March 2009, by which time the Himachal Pradesh plant will also commence production, taking the company’s capacity to 22 mt.
Mutual Fund transactions in Gujarat Ambuja Cements have been heavy with Morgan Stanley Growth Fund buying 3.63 million shares and Prudential ICICI Growth Plan purchasing 831,439 shares of the company. Tata Select Equity Fund also bought 0.1 million shares of Gujarat Ambuja Cements in Decemeber 2006.
Thats very nice
I am holding 2000@110 and was in a mood to sell out
but i think to keep investing Is there any bonus / Divident coming around
Dividend is most probably going to be given in April '07 next.

In 2006 , 50% dividend was given after April
For 2006-07 , 75% INTERIM DIVIDEND was announced after Oct.
Last edited:

Similar threads