Share price of Ambuja Cements falls as Sensex gains 19.45 points
Ambuja Cements Ltd. dropped 0.8 per cent to Rs 441.5 at 11:11AM (IST) in Wednesday's trade.
The scrip hit a high of Rs 450.0 and low of Rs 440.55 so far during the session. The stock had closed at Rs 445.1 in the previous session.
The counter had a total traded volume of 11:11AM shares so far with a turnover of Rs 328.0 crore on BSE.
The stock traded at a price-to-earnings multiple of 42.21 and a price-to-book ratio of 2.29.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Promotor/FII Holding Promoters held 63.2 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 12.45 per cent and 14.08 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 8976.14 crore for the quarter ended 30-Jun-2023, up 8.8 per cent from the previous quarter's Rs 8250.45 crore and up 9.92 per cent from the year-ago quarter's Rs 8165.85 crore.
Its profit for the latest quarter stood at Rs 905.61 crore, up 20.43 per cent from the same quarter a year ago.
