Ambuja Cements shares up 0.14% as Nifty gains
Ambuja Cements Ltd. traded 0.14 per cent up in Monday's trade at 11:22AM (IST). Around 63,588 shares changed hands on the counter.
The counter opened at Rs 416.15 and touched an intraday high and low of Rs 422.8 and Rs 415.55, 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.
As per BSE, the total market cap of the Ambuja Cements Ltd. stood at Rs 83029.76 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 8250.45 crore for the quarter ended 31-Mar-2023, up 2.66 per cent from previous quarter's Rs 8036.46 crore and up 3.26 per cent from the year-ago quarter's Rs 7990.34 crore. The net profit for latest quarter stood at Rs 644.94 crore, down 2.11 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 5.57 per cent stake in the company, while foreign institutional investors held 12.45 per cent and the promoters 0.0 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 43.14 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.
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