Ambuja Cements shares down 0.16% as Nifty gains
economictimes.indiatimes.comAmbuja Cements Ltd. traded 0.16 per cent down in Thursday's trade at 11:21AM (IST). Around 19,288 shares changed hands on the counter.
The counter opened at Rs 419.1 and touched an intraday high and low of Rs 419.5 and Rs 417.05, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 315.3.
Total market cap of the Ambuja Cements Ltd. stood at Rs 83039.68 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 7899.99 crore for the quarter ended 30-Sep-2023, down 11.99 per cent from previous quarter's Rs 8976.14 crore and down 9.04 per cent from the year-ago quarter's Rs 7244.78 crore.
The net profit for latest quarter stood at Rs 792.96 crore, up 751.0 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 6.46 per cent stake in the firm, while foreign institutional investors held 11.65 per cent and the promoters 63.19 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 29.89 and a price-to-book ratio of 2.29.
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.
