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Ambuja Cements shares down 0.18% as Nifty drops

NEW DELHI: Shares of Ltd. traded 0.18 per cent down in Thursday’s trade at 12:40PM (IST). Around 18,338 shares changed hands on the counter.

The scrip opened at Rs 339.25 and touched an intraday high and low of Rs 342.6 and Rs 338.65, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 351.15 and a 52-week low of Rs 185.8.

Total market cap of the Ambuja Cements Ltd. stood at Rs 67472.22 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 7811.96 crore for the quarter ended 31-Mar-2021, up 3.43 per cent from previous quarter’s Rs 7552.73 crore and up 22.22 per cent from the year-ago quarter’s Rs 6391.47 crore.

The net profit for latest quarter stood at Rs 947.21 crore, up 70.9 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2021, DIIs held 4.91 per cent stake in the firm, while foreign institutional investors held 17.75 per cent and the promoters 63.29 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 24.46 and a price-to-book ratio of 2.17. 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.

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