Ambuja Cements shares drop 3.25% as Sensex falls
Ambuja Cements Ltd. traded 3.25 per cent lower in Monday's session at 01:55PM (IST).
The stock opened at Rs 449.1 and has touched an intraday high and low of Rs 452.0 and Rs 437.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 598.15 and a 52-week low of 315.3.
About 222,750 shares changed hands on the counter so far. Benchmark Nifty50 was down 25.25 points at 19403.05, while the BSE Sensex traded 31.39 points lower at 65291.26 at the time of writing of this report.
In the Nifty pack, 19 stocks traded the day in the green, while 31 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 8976.14 crore, up 8.8 per cent from the previous quarter's Rs 8250.45 crore and up 9.92 per cent from the year-ago quarter. The company reported net profit of Rs 905.61 crore for the latest quarter.Promoter Holdings Promoters held 63.2 per cent stake in the company as of 30-Jun-2023, while FIIs held 12.45 per cent and MFs 5.58 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 450.04 on August 14, while the 50-DMA was at Rs 442.76.
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.
. Read more on economictimes.indiatimes.com
