Share price of Ambuja Cements NSE 0.35 % Ltd. dropped 0.02 per cent to Rs 325.4 at 01:43PM (IST) in Monday’s trade. The scrip hit a high of Rs 328.4 and low of Rs 322.8 so far during the session. The stock had closed at Rs 325.45 in the previous session.
The counter had a total traded volume of 01:43PM shares so far with a turnover of Rs 6.91 crore on BSE. The stock traded at a price-to-earnings multiple of 23.48 and a price-to-book ratio of 2.17.
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 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.
Promoters held 63.29 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 17.75 per cent and 12.11 per cent, respectively.
The firm reported consolidated net sales of Rs 7811.96 crore for the quarter ended 31-Mar-2021, up 3.43 per cent from the previous quarter’s Rs 7552.73 crore and up 22.22 per cent from the year-ago quarter’s Rs 6391.47 crore.
Its profit for the latest quarter stood at Rs 947.21 crore, up 70.9 per cent from the same quarter a year ago.