Ambuja Cements Ltd’s stock fell nearly 3% intraday on BSE on Tuesday and ended the trading session in the red. This fall, which signals a loss of market share for Ambuja Cements, came as a disappointment. This time around, higher usage of petroleum coke (pet coke) has aided the overall profitability, but going ahead, operating efficiency is likely to be limited. Ambuja Cements increased usage of pet coke to 65% in the fourth quarter, up from 50% a year ago. On the valuations front, Ambuja Cements is trading at a one-year forward price-to-earnings multiple of 21.79 times.

Source: Mint February 21, 2017 18:43 UTC