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    Ambuja Cements shares down 1.24% as Nifty falls

    Synopsis

    The stock quoted a 52-week high price of Rs 442.95 and low of Rs 225.9.

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    Shares of Ltd. rose 1.24 per cent to Rs 425.85 in Wednesday's trade. It hit an intraday high of Rs 433.25 and low of Rs 425.2, respectively, during the day.

    The stock quoted a 52-week high price of Rs 442.95 and low of Rs 225.9.

    As of 01:20PM (IST), the counter saw total traded volume of 44,034 shares with a traded value of Rs 1.89 crore, according to NSE.

    The stock had closed at Rs 431.2 in the previous session.

    The scrip has advanced 5.66 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.27 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 26.29 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 30-Sep-2021, while FII and MF ownership in the firm stood at 16.48 per cent and 5.25 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 6740.57 crore for the quarter ended 30-Sep-2021, down 4.47 per cent from the previous quarter's Rs 7055.76 crore and down 7.56 per cent from the year-ago quarter's Rs 6266.55 crore. Its net profit for the latest quarter stood at Rs 665.81 crore, up 7.08 per cent from the same quarter a year ago.

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