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Ambuja Cements Ltd. shares drop 0.58% as Sensex rises

A total of 98,807 shares changed hands on the counter till 01:24PM (IST)

Last Updated: Jun 03, 2020, 01.24 PM IST
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As long as Nifty does not close above 11,720, it can slip towards 11,600.
Shares of Ambuja Cements Ltd. traded 0.58 per cent down at Rs 190.15 at 01:24PM (IST) on Wednesday, even as BSE benchmark Sensex gained 437.7 points to 34263.23. The stock had settled at Rs 191.25 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 237.85 and Rs 136.65, respectively.

As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 01:24PM shares with turnover at Rs 1.88 crore.

At the prevailing price, shares of the company trades at 17.51 times its trailing 12-month EPS of Rs 10.85 per share and 1.27 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.44.

Shareholding Details
Promoters held 63.11 per cent stake in the company as of 31-Mar-2020, while FIIs owned 15.61 per cent and DIIs 7.03 per cent.
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