Ambuja Cements shares down 0.11% as Nifty gains

economictimes.indiatimes.com:

Ambuja Cements Ltd. traded 0.11 per cent down in Wednesday's trade at 02:00PM (IST). Around 69,001 shares changed hands on the counter.
The scrip opened at Rs 698.55 and touched an intraday high and low of Rs 699.6 and Rs 687.75, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 404.0.

Total market cap of the Ambuja Cements Ltd. stood at Rs 170214.15 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 9127.45 crore for the quarter ended 31-Mar-2024, up 9.67 per cent from previous quarter's Rs 8322.45 crore and up 10.63 per cent from the year-ago quarter's Rs 8250.45 crore.
The net profit for latest quarter stood at Rs 1055.16 crore, up 63.61 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 6.08 per cent stake in the firm, while foreign institutional investors held 11.09 per cent and the promoters 66.74 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 47.59 and a price-to-book ratio of 3.25. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ambuja Cements Ltd. belongs to the Cement — Pan India industry.