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    Ambuja Cements shares up 2.63% as Nifty gains

    Synopsis

    A total of 94,722 shares changed hands on the counter till 11:49AM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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    NEW DELHI: Shares of Ltd. traded 2.63 per cent up in Friday's trade at 11:49AM (IST). Around 94,722 shares changed hands on the counter.

    The counter opened at Rs 297.95 and touched an intraday high and low of Rs 305.5 and Rs 296.5, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 329.9 and a 52-week low of Rs 161.55.

    Total market cap of the Ambuja Cements Ltd. stood at Rs 60165.05 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 7552.73 crore for the quarter ended 31-Dec-2020, up 20.52 per cent from previous quarter's Rs 6266.55 crore and up 4.58 per cent from the year-ago quarter's Rs 7221.65 crore.

    The net profit for latest quarter stood at Rs 732.24 crore, up 23.79 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 4.91 per cent stake in the firm, while foreign institutional investors held 17.75 per cent and the promoters 63.29 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 25.44 and a price-to-book ratio of 2.17. 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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