Ambuja Cements shares up 1.26% as Nifty gains

NEW DELHI: Shares of Ambuja Cements Ltd. traded 1.26 per cent up in Thursday's trade at 11:02AM (IST). Around 33,833 shares changed hands on the counter.

The stock opened at Rs 424.8 and touched an intraday high and low of Rs 431.35 and Rs 424.7, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 315.3.

As per BSE, the total market cap of the Ambuja Cements Ltd. stood at Rs 85223.89 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 8250.45 crore for the quarter ended 31-Mar-2023, up 2.66 per cent from previous quarter's Rs 8036.46 crore and up 3.26 per cent from the year-ago quarter's Rs 7990.34 crore.

The net profit for latest quarter stood at Rs 644.94 crore, down 2.11 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 5.79 per cent stake in the company, while foreign institutional investors held 11.15 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 44.28 and a price-to-book ratio of 2.29. 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.