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    Ambuja Cements shares down 0.54% as Nifty gains

    Synopsis

    A total of 109,537 shares changed hands on the counter till 02:08PM (IST).

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    NEW DELHI: Shares of Ambuja Cements Ltd. traded 0.54 per cent down in Wednesday's trade at 02:08PM (IST). Around 109,537 shares changed hands on the counter.

    The scrip opened at Rs 459.6 and touched an intraday high and low of Rs 461.3 and Rs 452.7, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 315.3.

    As per BSE, the total market cap of the Ambuja Cements Ltd. stood at Rs 90446.14 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 8250.45 crore for the quarter ended 31-Mar-2023, up 2.66 per cent from previous quarter's Rs 8036.46 crore and up 3.26 per cent from the year-ago quarter's Rs 7990.34 crore.

    The net profit for latest quarter stood at Rs 644.94 crore, down 2.11 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2023, domestic institutional investors held 5.79 per cent stake in the company, while foreign institutional investors held 11.15 per cent and the promoters 0.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 47.0 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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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