Ambuja Cements shares rise 1.38 per cent in Friday's trading session
Ambuja Cements Ltd. rose 1.38 per cent to Rs 425.9 in Friday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 19588.55, up 65.0 points.
The scrip had closed at Rs 420.1 in the previous session.
The stock quoted a 52-week low of Rs 315.3 and a high of Rs 598.15. The company quoted a market-cap of Rs 84489.2 crore on the BSE.
On BSE, 29,221 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 40.66 times its trailing 12-month EPS of Rs 10.47 per share and 2.29 times its book value. The return on equity (ROE) stood at Rs 9.67.
Key Financials For the quarter ended 30-Jun-2023, Ambuja Cements Ltd.
reported consolidated sales of Rs 8976.14 crore, up 9.92 per cent from the same quarter a year ago. The company reported 20.43 per cent YoY growth in net profit at Rs 905.61 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Friday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
