Ambuja Cements shares down 2.75% as Nifty drops
Ambuja Cements Ltd. traded 2.75 per cent down in Tuesday's trade at 01:39PM (IST). Around 47,035 shares changed hands on the counter.
The scrip opened at Rs 473.05 and touched an intraday high and low of Rs 476.0 and Rs 461.0, 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 91369.47 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 8976.14 crore for the quarter ended 30-Jun-2023, up 8.8 per cent from previous quarter's Rs 8250.45 crore and up 9.92 per cent from the year-ago quarter's Rs 8165.85 crore. The net profit for latest quarter stood at Rs 905.61 crore, up 20.43 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 5.58 per cent stake in the firm, while foreign institutional investors held 12.45 per cent and the promoters 63.2 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 43.97 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. belongs to the Cement — Pan India industry.
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