Cement News

Ambuja Cements Share Price: Ambuja Cements stock price up 0.81 per cent as Sensex climbs

Shares of . rose 0.81 per cent to Rs 373.95 at 01:50PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 128,258 shares with a turnover of Rs 4.78 crore till 01:50PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 31.43, while the price-to-book value ratio stood at 2.96.

Return on equity (ROE) was at 10.96 per cent, according to exchange data. The stock hit an intraday high of Rs 376.05 and a low of Rs 369.8 during the session and quoted a 52-week high price of Rs 442.95 and a 52-week low of Rs 274.0.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.44.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 364.64 on July 29, while the 50-DMA was at Rs 366.28. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 61.58. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 63.2 per cent stake in the company, while foreign institutional investors held 12.82 per cent and domestic institutional investors had 14.98 per cent.

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