Ambuja Cements shares 2.51% as Sensex rises
Ambuja Cements Ltd. traded 2.51 per cent at Rs 495.90 at 10:48AM (IST) on Friday, even as BSE benchmark Sensex 399.77 points to 77555.56. The stock had settled at Rs 483.75 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 706.85 and Rs 408.60, respectively.
As per BSE data, total traded volume on the counter till 10:48AM (IST) stood at 10:48AM shares with turnover at Rs 10.16 crore.
At the current price, the stock trades at 41.09 times its trailing 12-month earnings per share of Rs 12.10 per share and 3.25 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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