Ambuja Cements shares drop 1.62% as Sensex rises

economictimes.indiatimes.com:

Ambuja Cements Ltd. traded 1.62 per cent lower in Thursday's session at 12:07PM (IST). The stock opened at Rs 679.45 and has touched an intraday high and low of Rs 680.2 and Rs 654.75, respectively, during the session so far.
The stock quoted a 52-week high of Rs 680.2 and a 52-week low of 404.0. About 165,377 shares changed hands on the counter so far.

Benchmark Nifty50 was up 70.3 points at 23393.25, while the BSE Sensex traded 235.64 points higher at 76842.21 at the time of writing of this report.
In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 9127.45 crore, up 9.67 per cent from the previous quarter's Rs 8322.45 crore and up 10.63 per cent from the year-ago quarter. The company reported net profit of Rs 1055.16 crore for the latest quarter.
Promoter Holdings Promoters held 66.74 per cent stake in the company as of 31-Mar-2024, while FIIs held 11.09 per cent and MFs 6.08 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 529.73 on June 13, while the 50-DMA was at Rs 621.87. 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.