Ambuja Cements shares down 0.18% as Nifty drops

Ambuja Cements shares down 0.18% as Nifty drops
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 18,338 shares changed hands on the counter till 12:40PM (IST).

Getty Images
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.
NEW DELHI: Shares of Ltd. traded 0.18 per cent down in Thursday's trade at 12:40PM (IST). Around 18,338 shares changed hands on the counter.

The scrip opened at Rs 339.25 and touched an intraday high and low of Rs 342.6 and Rs 338.65, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 351.15 and a 52-week low of Rs 185.8.

Total market cap of the Ambuja Cements Ltd. stood at Rs 67472.22 crore at the time of writing this report.

Did you Know?

Stock score of Ambuja Cements Ltd moved up by 3 in 6 months on a 10-point scale.

View Latest Stock 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, 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 24.46 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.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Ambuja Cements Ltd.. Explore Now