Ambuja Cements shares down 0.05% as Nifty falls

Ambuja Cements shares down 0.05% as Nifty falls
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Synopsis

The stock quoted a 52-week high price of Rs 329.9 and low of Rs 168.5.

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Shares of Ltd. rose 0.05 per cent to Rs 312.15 in Monday's trade. It hit an intraday high of Rs 315.1 and low of Rs 310.05, respectively, during the day.

The stock quoted a 52-week high price of Rs 329.9 and low of Rs 168.5.

As of 12:47PM (IST), the counter saw total traded volume of 108,812 shares with a traded value of Rs 3.39 crore, according to NSE.

The stock had closed at Rs 312.3 in the previous session.

The scrip has declined -1.28 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.91 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 22.45 while price-to-book ratio stood at 2.17. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Cement - Pan India industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 17.7 per cent and 4.9 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 7811.96 crore for the quarter ended 31-Mar-2021, up 3.43 per cent from the previous quarter's Rs 7552.73 crore and up 22.22 per cent from the year-ago quarter's Rs 6391.47 crore. Its net profit for the latest quarter stood at Rs 947.21 crore, up 70.9 per cent from the same quarter a year ago.

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