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Cement stocks surge up to 9% after acquisition news of Ambuja, ACC – Brokerage sees up to 35% upside in these two scrips

Cement stocks surge up to 9% after acquisition news of Ambuja, ACC – Brokerage sees up to 35% upside in these two scrips

Mon, May 16, 2022

Cement stocks in focus: Shares of the most cement companies have jumped up to 9 per cent on the BSE intraday on Monday, except for UltraTech Cement and Shree Cement, after the Adani group announced the acquisition of controlling stakes in Ambuja Cements and ACC Limited for $10.5 billion on Sunday

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