HomeNEWSAmbuja Cements Share Price: Share price of Ambuja Cements falls as Nifty...

Ambuja Cements Share Price: Share price of Ambuja Cements falls as Nifty strengthens

Shares of Ambuja Cements Ltd. slipped 0.12 per cent to Rs 622.0 in Wednesday’s trade as of 11:25AM (IST).

The stock hit a high price of Rs 625.8 and low of Rs 621.6 during the session.

The return on equity (ROE) for the stock stood at 9.24 per cent. Traded volume on the counter stood at 11:25AM shares and turnover at Rs 0.42 crore around that time.

The stock of Ambuja Cements Ltd. quoted a 52-week high and 52-week low prices of Rs 706.85 and Rs 404.0, respectively.

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

Promotor/FII Holding
Promoters held 70.33 per cent stake in the company as of 30-Jun-2024, while FIIs held 9.59 per cent and domestic institutional investors had 13.03 per cent.

Key Financials
The company reported consolidated sales of Rs 8666.2 crore for the quarter ended 30-Jun-2024, down 5.05 per cent from previous quarter’s Rs 9127.45 crore and down 3.45 per cent from the year-ago quarter’s Rs 8976.14 crore.

Net profit after tax for the latest quarter stood at Rs 646.31 crore, down 28.63 per cent from the same quarter a year ago.

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