Ambuja Cements Ltd.

Ambuja Cements Ltd. July 1st Shares Declined 1.06%

Ambuja Cements Ltd. July 1st Shares Declined 1.06%, After Q4 Result:

To begin with, Ambuja Cements Ltd. shares traded with a 1.06% down in today’s Intraday trade. Also, till now nearly 56,012 shares exchanged hands on the counter.

Moreover, the company shares started at Rs. 194.10 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 195.50 per eq share. Similarly, the Intraday low value of Rs. 191.30 per share.

According to the source, the company reached its 52-week highest value of Rs. 224.90. Also, it reached the 52-week lowest value of Rs. 136.65. As per the records, the total market capitalization stood at Rs. 38,193.89 cr.

On 31st March 2020, Ambuja Cements announced its consolidated sales worth Rs. 6,249.66 cr. Comparatively, the company sales raised by 12.30% from its last quarter sales of Rs. 7,126.44 cr. Also, its sales raised by 8.51% from last year’s sales of Rs. 6,830.70 cr.

Furthermore, the net profit of Rs. 554.25 cr declined by 6.47% from the same quarter a year ago. By the ending in March 2020, the company promoters held 63.11% of its stake, FIIs held a 15.61% stake and DIIs held a 7.03% stake.

Presently, the company shares quoted with a price-to-earnings ratio in multiples of 17.73. Similarly, the company’s price-to-book value ratio of 1.28.

Stock Market Update: 

Stock Market July 1st: On Wednesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood trading gain with 35,440.78 levels and Nifty stood trading gain with 10,435.35 levels. The Sensex raised 524.98 points with a 1.52% gain. Besides, Nifty has raised 133.25 points with a 1.29% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 5,85,792 as of July 1st, and deaths reached 17,410.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 24.24 points with a 0.19% gain and reached a 13,079.52 level. The S&P BSE Smallcap index raised 50.77 points with a 0.41% gain and reached a 12,431.52 level. However, the Nifty Bank raised 645.85 points with a 3.02% gain and reached a 22,016.00 level. 

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