Ambuja Cements shares drop 0.77% as Sensex rises

economictimes.indiatimes.com:

Ambuja Cements Ltd. traded 0.77 per cent lower in Tuesday's session at 12:48PM (IST). The stock opened at Rs 634.4 and has touched an intraday high and low of Rs 638.55 and Rs 625.5, respectively, during the session so far.
The stock quoted a 52-week high of Rs 706.85 and a 52-week low of 404.0. About 28,008 shares changed hands on the counter so far.

Benchmark Nifty50 was up 141.1 points at 24713.75, while the BSE Sensex traded 433.88 points higher at 80858.56 at the time of writing of this report.
In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 8666.2 crore, down 5.05 per cent from the previous quarter's Rs 9127.45 crore and down 3.45 per cent from the year-ago quarter. The company reported net profit of Rs 646.31 crore for the latest quarter.
Promoter Holdings Promoters held 70.33 per cent stake in the company as of 30-Jun-2024, while FIIs held 9.59 per cent and MFs 5.53 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 581.67 on August 20, while the 50-DMA was at Rs 663.12. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.