Ambuja Cements Share Price: Ambuja Cements share price down 2.05 per cent

Shares of Ambuja Cements Ltd. traded 2.05 per cent up at Rs 370.5 at around 12:58PM (IST) on Wednesday. The stock had closed at Rs 378.25 in the previous session. Equity benchmark Sensex traded 816.98 points lower at 56159.01 around the same time.

The scrip has climbed 18.92 per cent in the last one year till date, while the 30-share index has gained 15.73 per cent during the same period.

The stock’s 52-week high price stood at Rs 442.95 and the 52-week low price at Rs 274.0.

Trading volume on the counter stood at 1,028,675 shares, while it quoted a price-to-earnings ratio of 30.14, an EPS value of 12.55 and a price-to-book value of 2.96. In the Nifty50 pack, 7 stocks traded in the green, while 43 stocks were in the red.

Promoter/FII Holding
Promoters held 63.19 per cent stake in the company as of 31-Mar-2022, while overseas investor and mutual funds’ ownership stood at 12.97 per cent and 7.54 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 7990.34 crore, up 3.64 per cent from the previous quarter’s Rs 7709.61 crore and up 2.28 per cent from the year-ago quarter’s Rs 7811.96 crore. The company reported net profit of Rs 658.87 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.