Ambuja Cements shares up 0.94% as Nifty gains

Ambuja Cements shares up 0.94% as Nifty gains
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Synopsis

A total of 74,033 shares changed hands on the counter till 12:22PM (IST).

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
NEW DELHI: Shares of Ambuja Cements Ltd. traded 0.94 per cent up in Monday's trade at 12:22PM (IST). Around 74,033 shares changed hands on the counter.

The counter opened at Rs 363.0 and touched an intraday high and low of Rs 369.3 and Rs 363.0, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 442.95 and a 52-week low of Rs 242.0.

As per BSE, the total market cap of the Ambuja Cements Ltd. stood at Rs 72356.91 crore at the time of writing this report.

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 previous quarter's Rs 7055.76 crore and down 7.56 per cent from the year-ago quarter's Rs 6266.55 crore.

The net profit for latest quarter stood at Rs 665.81 crore, up 7.08 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 6.56 per cent stake in the firm, while foreign institutional investors held 14.66 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 22.46 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.

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