Ambuja Cements shares gain 1.44% as Sensex rises
Ambuja Cements Ltd. traded 1.44 per cent up at Rs 436.25 at 11:26AM (IST) on Tuesday, even as BSE benchmark Sensex gained 385.11 points to 65897.5.
The stock had settled at Rs 430.05 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 598.15 and Rs 315.3, respectively.
As per BSE data, total traded volume on the counter till 11:26AM (IST) stood at 11:26AM shares with turnover at Rs 0.88 crore.
At the current price, shares of the company trades at 41.66 times its trailing 12-month earnings per share of Rs 10.47 per share and 2.29 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.44.
Shareholding Details Promoters held 63.2 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.45 per cent and DIIs 14.08 per cent.
