Share price of Ambuja Cements jumps as Sensex gains 427.18 points

Share price of Ambuja Cements jumps as Sensex gains 427.18 points
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Synopsis

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 12.81 per cent and 7.04 per cent, respectively.

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The share price of . gained 1.24 per cent to Rs 454.4 at 11:16AM (IST) in Thursday's trade. The scrip has hit a high of Rs 456.4 and low of Rs 446.35 so far during the session. The stock had closed at Rs 448.85 in the previous session.

The counter has had a total traded volume of 162581 shares so far with a value of Rs 7.35 crore on the NSE. It traded at a price-to-earnings multiple of 38.01 and a price-to-book ratio of 2.96.

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.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 4.24 per cent during the past one year, while the 30-share index advanced 1.99 per cent during the same period.

Ambuja Cements Ltd. belongs to the Cement - Pan India industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 12.81 per cent and 7.04 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 8165.85 crore for the quarter ended 30-Jun-2022, up 2.2 per cent from the previous quarter's Rs 7990.34 crore and up 15.73 per cent from the year-ago quarter's Rs 7055.76 crore.

Profit for the latest quarter stood at Rs 752.0 crore, down 14.22 per cent from the same quarter a year ago.
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