Share price of Ambuja Cements rises as Nifty strengthens

Shares of Ambuja Cements Ltd. gained 0.06 per cent to Rs 414.55 in Thursday's trade as of 01:13PM (IST).

The stock hit a high price of Rs 416.75 and low of Rs 408.6 during the session.

The return on equity (ROE) for the stock stood at 9.67 per cent. Traded volume on the counter stood at 01:13PM shares and turnover at Rs 2.7 crore around that time.

The stock of Ambuja Cements Ltd. quoted a 52-week high and 52-week low prices of Rs 598.15 and Rs 315.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.44.

Promotor/FII Holding
Promoters held 63.19 per cent stake in the company as of 30-Sep-2023, while foreign investors held 11.65 per cent and domestic institutional investors had 15.24 per cent.

Key Financials
The company reported consolidated sales of Rs 7899.99 crore for the quarter ended 30-Sep-2023, down 11.99 per cent from previous quarter's Rs 8976.14 crore and down 9.04 per cent from the year-ago quarter's Rs 7244.78 crore.

Net profit after tax for the latest quarter stood at Rs 792.96 crore, up 751.0 per cent from the same quarter a year ago.