Ambuja Cements shares down 2.1% as Sensex falls
Ambuja Cements Ltd. fell 2.1 per cent to Rs 675.9 in Friday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 424.64 points lower at 80918.82.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0 on NSE. Around 115725 shares changed hands on the counter till 12:27PM (IST).
The stock opened at Rs 690.05 and has touched an intraday high and low of Rs 691.95 and Rs 670.4 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 46.71, earnings per share (EPS) of Rs 14.52 and price to book value (PB) of 3.25, while the return on equity (ROE) stood at Rs 9.24.
Promoter/ FII Holding
The promoters held 70.33 per cent stake in the company as of July 19, while FII and MF ownerships stood at 9.59 per cent and 5.53 per cent, respectively.
Key Financials With a market capitalisation of Rs 167061.35 crore, the company operates in the Cement — Pan India industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 9127.45 crore, up 9.67 per cent from the previous quarter?s Rs 8322.45 crore and up 10.63 per cent from the same quarter a year ago. The company reported net profit of Rs 1055.16 crore for the latest quarter, up 63.61 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 52.86. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
