Ambuja Cements shares up 0.3% as Nifty drops

NEW DELHI: Shares of Ltd. traded 0.3 per cent up in Monday's trade at 10:41AM (IST). Around 56,698 shares changed hands on the counter.

The stock opened at Rs 339.4 and touched an intraday high and low of Rs 340.2 and Rs 332.4, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 344.0 and a 52-week low of Rs 181.75.

Total market cap of the Ambuja Cements Ltd. stood at Rs 67154.52 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 947.21 crore, up 70.9 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 4.91 per cent stake in the company, 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 price-to-earnings multiple of 24.35 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.