Ambuja Cements shares up 1.61% as Nifty falls

Shares of Ambuja Cements Ltd. rose 1.61 per cent to Rs 321.85 in Wednesday's trade. It hit an intraday high of Rs 322.25 and low of Rs 315.9, respectively, during the day.

The stock quoted a 52-week high price of Rs 442.95 and low of Rs 274.0.

As of 10:51AM (IST), the counter saw total traded volume of 51,375 shares with a traded value of Rs 1.64 crore, according to NSE.

The stock had closed at Rs 316.75 in the previous session.

The scrip has advanced 10.03 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.02 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 22.98 while price-to-book ratio stood at 2.96. 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 31-Dec-2021, while FII and MF ownership in the firm stood at 14.66 per cent and 6.56 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 7709.61 crore for the quarter ended 31-Dec-2021, up 14.38 per cent from the previous quarter's Rs 6740.57 crore and up 2.08 per cent from the year-ago quarter's Rs 7552.73 crore. Its net profit for the latest quarter stood at Rs 290.65 crore, down 60.31 per cent from the same quarter a year ago.