Ambuja Cements, third largest cement company in India, witnessed a rise in share price on Thursday after global research firm Nomura upgraded their rating to 'Buy' with a target of Rs 253.
There's value in Ambuja Cement after the recent correction, the research firm said.
Shares of Ambuja Cements are trading at Rs 219.50, up Rs 9.05, or 4.30% at the Bombay Stock Exchange (BSE) on Thursday at 11:41 a.m.
Total volume of shares traded on the bourses today was lower by 34.52% to 1,765,680 compared with 22-day average volume of 2,696,711.