Ambuja Cements shares down 0.11% as Sensex falls
Ambuja Cements Ltd. fell 0.11 per cent to Rs 587.05 in Thursday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 273.35 points lower at 72349.74.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 596.5 and a 52-week low of Rs 324.3 on NSE. Around 25144 shares changed hands on the counter till 12:02PM (IST).
The stock opened at Rs 590.65 and has touched an intraday high and low of Rs 591.35 and Rs 583.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 36.76, earnings per share (EPS) of Rs 15.95 and price to book value (PB) of 2.29, while the return on equity (ROE) stood at Rs 9.67.
Promoter/ FII Holding
The promoters held 63.19 per cent stake in the company as of February 22, while FII and MF ownerships stood at 11.88 per cent and 6.64 per cent, respectively.
Key Financials With a market capitalisation of Rs 116388.6 crore, the company operates in the Cement — Pan India industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 8322.45 crore, up 5.35 per cent from the previous quarter?s Rs 7899.99 crore and up 3.56 per cent from the same quarter a year ago. The company reported net profit of Rs 823.05 crore for the latest quarter, up 89.46 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 65.46. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
