"Ambuja is well positioned to benefit from the upsurge in rural demand and the encouraging external environment. Our consistent customer-connect initiatives, pursuit of operational excellence and continued focus on the retail segment is helping us reduce the impact of rising cost pressures," said Ajay Kapur, MD & CEO, Ambuja Cement.

Shares of the company gained Rs 11.65, or 5.56%, to trade at Rs 221.15. The total volume of shares traded was 323,659 at the BSE (9.48 a.m., Thursday).