The shares of Ambuja Cements Ltd have risen high and continued their upward march, hitting an over three-month high of Rs 387.45, up 3 per cent on the BSE in today’s trade. The stock has traded at its highest level since January 14, 2022. The S&P BSE Sensex was down 0.92 per cent at 56,669.

• L&T Shares Trade With Nominal Losses Despite Securing Orders 
• Daily vs Weekly SIP: Which Can Supercharge Your Portfolio to the Million-Mark?
• Rail Vikas Nigam Shares Take a Hit Despite Rs 165 Crore Order 
• Lupin Shares Gain 1% as Unit Receives EIR Status from USFDA
• Glenmark Unit Signs Exclusive NSCLC Drug Pact with Hansoh Pharma; Shares Drop 1%

In the April month, the stock of the cement company has rallied 29 per cent on reports that the company’s foreign promoter, Holcim Ltd, the world’s biggest cement maker, is considering a potential sale of businesses in India, including Ambuja Cements.

Ambuja Cements’ stock hit a 52-week high of Rs 442.95 on September 8, 2021. In comparison, the S&P BSE Sensex was down 3 per cent, while ACC was up 7 per cent during the same period.

The Swiss giant is gauging interest in its controlling stake in Ambuja Cements. Deliberations are in the early stages and may not lead to a transaction, media reported.

Neither Holcim nor its Indian subsidiaries Ambuja and ACC have offered any comments.