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    Share price of Ambuja Cements jumps as Sensex gains 366.56 points

    Synopsis

    A total of 85,329 shares changed hands on the counter till 01:11PM (IST)

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Share price of Ambuja Cements Ltd. gained 0.36 per cent to Rs 457.9 at 01:11PM (IST) in Tuesday's trade. The stock hit a high of Rs 463.8 and low of Rs 455.5 so far during the session. The stock had closed at Rs 456.25 in the previous session.

    The counter had a total traded volume of 01:11PM shares so far with a turnover of Rs 3.92 crore on BSE. The stock traded at a price-to-earnings multiple of 47.35 and a price-to-book ratio of 2.29.

    A higher price-to-earnings 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 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.

    Promotor/FII Holding
    Promoters held 63.22 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 11.16 per cent and 14.42 per cent, respectively.

    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 the previous quarter's Rs 8036.46 crore and up 3.26 per cent from the year-ago quarter's Rs 7990.34 crore.

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