Ambuja Cements stock price down 1.65 per cent as Sensex climbs
Ambuja Cements Ltd. fell 1.65 per cent to Rs 681.0 at 01:55PM hours (IST) on Thursday. 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 95,618 shares with a turnover of Rs 6.52 crore till 01:55PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 46.88, while the price-to-book value ratio stood at 3.25.
Return on equity (ROE) was at 9.24 per cent, according to exchange data. The stock hit an intraday high of Rs 694.95 and a low of Rs 671.9 during the session and quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0.
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 545.89 on July 04, while the 50-DMA was at Rs 635.51. 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 58.63. 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 31-Mar-2024, promoters held 66.74 per cent stake in the company, while overseas investors held 11.09 per cent and domestic
