Ambuja Cements stock price down 0.24 per cent as Sensex climbs
Ambuja Cements Ltd. fell 0.24 per cent to Rs 443.95 at 12:58PM hours (IST) on Friday.
Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 42,707 shares with a turnover of Rs 189.0 crore till 12:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.36, while the price-to-book value ratio stood at 2.29.
Return on equity (ROE) was at 9.67 per cent, according to exchange data.
The stock hit an intraday high of Rs 447.95 and a low of Rs 443.0 during the session and quoted a 52-week high price of Rs 598.15 and a 52-week low of Rs 315.3.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 437.09 on September 15, while the 50-DMA was at Rs 442.27. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 49.92.
The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 30-Jun-2023, promoters held 63.2 per cent stake in the company, while FIIs held 12.45 per cent and domestic institutional investors had 14.08 per cent.
