Ambuja Cements shares up 1.49% as Nifty gains

NEW DELHI: Shares of Ambuja Cements Ltd. traded 1.49 per cent up in Thursday's trade at 10:40AM (IST). Around 217,188 shares changed hands on the counter.

The counter opened at Rs 536.65 and touched an intraday high and low of Rs 545.2 and Rs 536.65, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 545.2 and a 52-week low of Rs 315.3.

Total market cap of the Ambuja Cements Ltd. stood at Rs 108009.17 crore at the time of writing this report.


Key Financials
The company reported consolidated net 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.

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

Shareholding pattern
As of 30-Sep-2023, DIIs held 6.46 per cent stake in the firm, while foreign institutional investors held 11.65 per cent and the promoters 63.19 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 38.88 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.