India's Ambuja Cements, Orient Cement gain on approval for acquisition

Shares of Ambuja Cements ABUJ.NS climb 1.9% to 484 rupees, while Orient Cement ORCE.NS rises 2.3% to 334.95 rupees

India's antitrust watchdog on Tuesday approved Ambuja's acquisition of Orient, months after the Adani Group company first announced the deal

ORCE set for busiest trading session in over four months, with volumes at 6.8x the 30-day avg; ABUJ's vols relatively muted at about 0.3x its 30-day avg

ABUJ on track to for biggest one-day gain in a month, ORCE for best day in more than 3 months

ABUJ stock rated "buy' on avg, ORCE rated "sell" - data compiled by LSEG

Ambuja and Orient are down about 11% and 4.5% YTD, respectively