Ambuja Cements slides 5.2 per cent, P/E improves to 7.2

Ambuja Cements slides 5.2 per cent, P/E improves to 7.2
Published: 30 September 2008

Ambuja Cements  fell for a second day on Monday bringing its two day fall to INR6.35 or 7.4 per cent. The share price slid INR4.35 (or 5.2 per cent) to INR79.40. Compared with the BSE Sensex Index which fell 506.4 points (or 3.9 per cent) on the day, this represented a relative price change of -1.3 per cent.

As a result of the price decline the Price/Earnings multiple based on trailing twelve months earnings has improved to 7.2; the stock has a value percentile rank of 79.9 or rank of 142 out of 723 stocks with earnings.