Ambuja Cements share price down 0.57 per cent

economictimes.indiatimes.com:

Ambuja Cements Ltd. traded 0.57 per cent up at Rs 433.3 at around 12:51PM (IST) on Tuesday. The stock had closed at Rs 435.8 in the previous session.

Equity benchmark Sensex traded 315.01 points higher at 65520.06 around the same time. The scrip has climbed 17.55 per cent in the last one year till date, while the 30-share index has gained 23.55 per cent during the same period. The stock's 52-week high price stood at Rs 598.15 and the 52-week low price at Rs 315.3.

Trading volume on the counter stood at 198,122 shares, while it quoted a price-to-earnings ratio of 44.82, an EPS value of 9.69 and a price-to-book value of 2.29. In the Nifty50 pack, 32 stocks traded in the green, while 18 stocks were in the red.Promoter/FII Holding Promoters held 63.22 per cent stake in the company as of 31-Mar-2023, while foreign institutional investors and MF ownership stood at 11.16 per cent and 5.8 per cent, respectively.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 8250.45 crore, up 2.66 per cent from the previous quarter's Rs 8036.46 crore and up 3.26 per cent from the year-ago quarter's Rs 7990.34 crore. The company reported net profit of Rs 644.94 crore for the latest quarter.Technical Indicators The MACD signalled a bearish 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.