After the previous week, Adani Group was planning a share buyback of group carnage triggered by the Hindenburg report on the conglomerate. In the previous week, Adani group shares went down following US-based short-seller Hindenburg Research, as per Hindenburg report.

In India, Ambuja Cements is one of the leading cement companies, and Holcim Group is a global leader in building materials and solutions in aggregates, cement, solutions & products and ready-mix concrete.

On a consolidated basis, the net profit of cement makers dropped 68.7% to Rs 137.89 crore on a 14% rise in net sales to Rs 3,631 crore in the Oct-Dec quarter of the calendar year 2022 over Oct-Dec quarter of the calendar year 2021.

Yesterday, Ambuja Cements’ shares hit a high of 1.65% to Rs 387.45.