Share price of Ambuja Cements jumps as Sensex gains 506.45 points
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 11.88 per cent and 6.64 per cent, respectively.
The share price of gained 1.25 per cent to Rs 602.6 at 11:01AM (IST) in Wednesday's trade. The stock has hit a high of Rs 604.95 and low of Rs 595.2 so far during the session. The stock had closed at Rs 595.15 in the previous session.The counter has had a total traded volume of 35498 shares so far with a value of Rs 2.13 crore on the . It traded at a price-to-earnings multiple of 37.8 and a price-to-book ratio of 2.29.
A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 62.97 per cent during the past one year, while the 30-share index advanced 25.31 per cent during the same period.
belongs to the Cement - Pan India industry.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 11.88 per cent and 6.64 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 8322.45 crore for the quarter ended 31-Dec-2023, up 5.35 per cent from the previous quarter's Rs 7899.99 crore and up 3.56 per cent from the year-ago quarter's Rs 8036.46 crore.
Profit for the latest quarter stood at Rs 823.05 crore, up 89.46 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
