Ambika Cotton Mills is a well-performing company with a strong financial profile. The company has a market capitalization of Rs 880 crore and its stock price has grown at a CAGR of 33 per cent over the past 3 years. The shares of the company have a PE of 7.85x and a ROE of 15 per cent. Additionally, the company is almost debt free and has been maintaining a healthy dividend payout of 19.50 per cent.

At 1 pm Thursday, the core equity indices i.e., Sensex and Nifty 50 were trading lower for the second day. The Sensex was at 58,645.72 down by 142.30 points or 0.24 per cent, while Nifty was at 17,522.60 down by 40.65 points or 0.23 per cent from the last trading session.