- Ambuja Cements Ltd is one of India's leading cement manufacturers, founded in 1983 and currently the 3rd largest in India with an annual capacity of 16 million tonnes. - In 2013, Ambuja acquired a 24% stake in Holcim India and later merged Holcim India with Ambuja, resulting in Ambuja holding 50.01% stake in another leading cement company, ACC. - A technical analysis of Ambuja's stock finds it has strengthened and broken above downward trends after a corrective phase, suggesting the stock has potential to rise to Rs. 270 in the coming trading sessions.