Ambuja Cements gains as its CFL secures accreditation for 13 tests from NABL

Ambuja Cements is currently trading at Rs. 222.65, up by 1.10 points or 0.50% from its previous closing of Rs. 221.55 on the BSE. The scrip opened at Rs. 220.60 and has touched a high and low of Rs. 224.65 and Rs. 220.60 respectively. So far 82433 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.65 on 14-May-2014 and a 52 week low of Rs. 147.55 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 224.65 and Rs. 192.35 respectively. The current market cap of the company is Rs. 34435.67 crore. The promoters holding in the company stood at 50.46%, while Institutions and Non-Institutions held 39.94% and 8.02% respectively. Ambuja Cements’ Mumbai-based Concrete Futures Laboratory (CFL) has secured accreditation for 13 tests in concrete from National Accreditation Board for Testing and Calibration Laboratories (NABL). These accreditations will provide the company’s CFL with a clear differentiation in the market place. NABL, a government of India authorised accreditation body, is established with an objective to offer government, industry associations and industry with a scheme for third-party assessment of the quality and technical competence of testing and calibration laboratories.   Ambuja Cement is a part of a global conglomerate Holcim and its current cement capacity is 27.25 million tons. The company has five integrated cement manufacturing plants and eight cement grinding units across the country.