Ambuja Cements shares down 0.84% as Nifty gains

Shares of Ambuja Cements Ltd. rose 0.84 per cent to Rs 630.05 in Monday's trade. It hit an intraday high of Rs 642.45 and low of Rs 626.35, respectively, during the day.

The stock quoted a 52-week high price of Rs 656.15 and low of Rs 404.0.

As of 01:44PM (IST), the counter saw total traded volume of 72,666 shares with a traded value of Rs 4.59 crore, according to NSE.

The stock had closed at Rs 635.45 in the previous session.

The scrip has declined -0.32 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.0 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 43.82 while price-to-book ratio stood at 3.25. 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 70.29 per cent stake in the company as of 31-Mar-2024, while FII and MF ownership in the firm stood at 9.89 per cent and 5.37 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 9127.45 crore for the quarter ended 31-Mar-2024, up 9.67 per cent from the previous quarter's Rs 8322.45 crore and up 10.63 per cent from the year-ago quarter's Rs 8250.45 crore. Its net profit for the latest quarter stood at Rs 1055.16 crore, up 63.61 per cent from the same quarter a year ago.