Share price of Ambuja Cements jumps as Sensex gains 342.54 points

Share price of Ambuja Cements jumps as Sensex gains 342.54 points
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Synopsis

A total of 38,629 shares changed hands on the counter till 11:48AM (IST)

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Share price of Ltd. gained 1.01 per cent to Rs 415.2 at 11:48AM (IST) in Monday's trade. The stock hit a high of Rs 416.65 and low of Rs 410.75 so far during the session. The stock had closed at Rs 411.05 in the previous session.

The counter had a total traded volume of 11:48AM shares so far with a turnover of Rs 1.6 crore on BSE. The stock traded at a price-to-earnings multiple of 25.95 and a price-to-book ratio of 2.17.

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.

Did you Know?

Stock score of Ambuja Cements Ltd moved up by 1 in a month on a 10-point scale.

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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 126.56 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 35.38 per cent and 24.48 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 7055.76 crore for the quarter ended 30-Jun-2021, down 9.68 per cent from the previous quarter's Rs 7811.96 crore and down 48.39 per cent from the year-ago quarter's Rs 4755.01 crore.

Its profit for the latest quarter stood at Rs 876.71 crore, up 91.78 per cent from the same quarter a year ago.

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