Tata Investment Corporation Ltd, Hindustan Unilever Ltd, Apollo Tyres Ltd, Kwality Ltd are among the other stocks to see a surge in volumes on BSE today, 14 November 2018.

Ambuja Cements Ltd saw volume of 29.85 lakh shares by 10:48 IST on BSE, a 13.64 fold spurt over two-week average daily volume of 2.19 lakh shares. The stock increased 1.97% to Rs.209.85. Volumes stood at 76223 shares in the last session.

Tata Investment Corporation Ltd saw volume of 31461 shares by 10:48 IST on BSE, a 10.91 fold spurt over two-week average daily volume of 2883 shares. The stock increased 14.52% to Rs.804.40. Volumes stood at 939 shares in the last session.

Hindustan Unilever Ltd recorded volume of 4.59 lakh shares by 10:48 IST on BSE, a 8.49 times surge over two-week average daily volume of 54057 shares. The stock gained 3.18% to Rs.1,725.30. Volumes stood at 30810 shares in the last session.

Apollo Tyres Ltd witnessed volume of 16.31 lakh shares by 10:48 IST on BSE, a 7.23 times surge over two-week average daily volume of 2.25 lakh shares. The stock increased 1.71% to Rs.226.20. Volumes stood at 8.51 lakh shares in the last session.

Kwality Ltd registered volume of 34.73 lakh shares by 10:48 IST on BSE, a 6.91 fold spurt over two-week average daily volume of 5.02 lakh shares. The stock rose 4.94% to Rs.8.93. Volumes stood at 1.54 lakh shares in the last session.

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The result was announced after trading hours yesterday, 23 October 2018.

Meanwhile, the S&P BSE Sensex was up 95.24 points, or 0.28% to 33,942.47.

On the BSE, 23.93 lakh shares were traded in the counter so far compared with average daily volumes of 2.23 lakh shares in the past two weeks. The stock had hit a high of Rs 203.20 and a low of Rs 193.05 so far during the day. The stock hit a 52-week high of Rs 288.65 on 31 October 2017. The stock hit a 52-week low of Rs 189.15 on 17 July 2018.

On a standalone basis, net profit of Ambuja Cements declined 34.44% to Rs 178.60 crore on 12.58% rise in net sales to Rs 2613.93 crore in Q3 September 2018 over Q3 September 2017.

Standalone cement sales volume increased 8.76% to 5.46 million tonnes in Q3 September 2018 over Q3 September 2017, backed by a favourable demand trend.

Ajay Kapur, MD & CEO, Ambuja Cement, said that the company's continued focus on growing the topline with its well-defined marketing and commercial strategies focusing on the retail consumer, value added portfolio of products and services and selling more in its core markets helped deliver a good net sales growth. Sharp cost management helped mitigate the impact of headwinds coming from oil/fuel and rupee volatility and enabled the firm to deliver good results.

In its outlook, Ambuja Cements said that GDP growth in the last quarter was encouraging backed by good monsoon. Continued focus on GDP growth and infrastructure projects by the Government and a strong push on Housing for All and affordable housing led to good demand growth in the cement sector. Going forward the company expects this to continue and accelerate further. The company is well placed to benefit from the above initiatives taken by the Government.

Ambuja Cements, a part of the global conglomerate LafargeHolcim, is among the leading cement companies in India.

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Net profit of Ambuja Cements declined 34.44% to Rs 178.60 crore in the quarter ended September 2018 as against Rs 272.42 crore during the previous quarter ended September 2017. Sales rose 12.58% to Rs 2613.93 crore in the quarter ended September 2018 as against Rs 2321.83 crore during the previous quarter ended September 2017.

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Net profit of Ambuja Cements rose 12.73% to Rs 396.01 crore in the quarter ended September 2018 as against Rs 351.29 crore during the previous quarter ended September 2017. Sales rose 11.87% to Rs 6017.58 crore in the quarter ended September 2018 as against Rs 5379.06 crore during the previous quarter ended September 2017.

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