Trending stocks: Ambuja Cements shares flat in early session

NEW DELHI: Shares of Ambuja Cements Ltd. traded 0.03 per cent up in Tuesday 's trade at 11:34AM (IST). Around 239547 shares changed hands on the counter. The stock opened at Rs 180.0 and touched an intraday high and low of Rs 180.0 and Rs 171.75 , respectively, in the session so far. The stock quoted a 52-week high of Rs 244.0 and a 52-week low of Rs 139.4 .

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 34212.67 Crore) operating in Cement sector.

Indian cement maker, Ambuja Cements reported a 12% rise in consolidated net profit of Rs 554.25 crores for the March quarter of the year 2020, with sales volume degrowing by 10% to 5.77 million tonnes.

Key Financials

The company reported consolidated sales of Rs 7126.44 crore for the quarter ended 31-Dec-2019 , 17.26 per cent from previous quarter's Rs 6077.62 crore and 5.91 per cent from the year-ago quarter's Rs 6728.68 crore.

The net profit after tax for the latest quarter stood at Rs 591.54 crore, -39.29 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 7.025271 per cent stake in the company, while foreign institutional investors held 15.614538 per cent and the promoters 63.110786 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 16.43 and a price-to-book ratio of 150.15 .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 'nil' growth in the business.The stock belongs to the Cement - Pan India industry.