Ambuja Cements Limited shares gain almost 2% after quarterly earnings

Ambuja Cements Limited Shares Gained Almost 2% On 15th September 2020:

To begin with, Ambuja Cements Limited shares traded with a 1.92% gain in
today’s Intraday trade. Also, until now, the company exchanged 24,303 shares hands on the counter.

Moreover, the company shares started at Rs. 214.90 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 215.95 per eq share. Similarly, the Intraday low value of Rs. 209.05 per share.

According to the source, the company reached its 52-week highest value of Rs. 231.85. Also, it reached the 52-week lowest value of Rs. 136.65. As per the records, the total market capitalization stood at Rs. 0.52 Cr.

On 30th June 2020, Ambuja Cements Ltd. announced its consolidated sales worth Rs. 4,644.17 Cr. Comparatively, the company sales declined by 25.69% from its last quarter sales of Rs. 6,249.66 Cr. Also, its sales declined by 34.30% of Rs. 7,068.79 Cr in the previous year.

Furthermore, the net profit of Rs. 457.14 Cr raised by 26.61% from the same quarter a year ago. By the ending in June 2020, the company promoters held 0.00% of its stake, FIIs held a 16.20% stake and DIIs held a 6.90% stake.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 798.29. Similarly, the company’s price-to-book value ratio of 1.27.

Stock Market Update: 

Stock Market September 15th: On Tuesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 38,934.97 levels and Nifty stood traded gain with 11,491.45 levels. The Sensex raised 178.34 points with a 0.46% gain. Besides, Nifty has raised 51.40 points with a 0.45% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 49,26,914 as of September 15th, and deaths reached 80,808

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 152.40 points with a 0.69% gain and reached a 14,997.00 level. The S&P BSE Smallcap index raised 169.16 points with a 1.12% gain and reached a 15,314.39 level. However, the Nifty Bank raised 116.40 points with a 0.56% gain and reached a 22,217.65  level.