Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ambuja Cements is still a short sell, but I would be careful about going overboard selling cement. It is a short sell for today because broadly the market is coming down, but cement stocks will find support earlier than the Nifty. Therefore, take it as a short-term trade.”
At 11:18 hrs Ambuja Cements was quoting at Rs 171.20, down Rs 3.70, or 2.12 percent. It has touched an intraday high of Rs 176.50 and an intraday low of Rs 171.20. The company's trailing 12-month (TTM) EPS was at Rs 7.90 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 21.68. The latest book value of the company is Rs 57.07 per share. At current value, the price-to-book value of the company was 3. The dividend yield of the company was 2.1 percent.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
