Ambuja Cements shares rise 0.11 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 53.25 on Friday.
Shares of rose 0.11 per cent to Rs 615.75 in Friday's trade as of 01:13PM (IST) even as the benchmark ruled at 22467.6, up 63.75 points.The scrip had closed at Rs 615.05 in the previous session. The stock quoted a 52-week low of Rs 395.95 and a high of Rs 649.0. The company quoted a market-cap of Rs 151494.41 crore on the .
On BSE, 20,239 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 49.61 times its trailing 12-month EPS of Rs 14.52 per share and 3.25 times its book value. The return on equity (ROE) stood at Rs 8.62.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 9127.45 crore, up 10.63 per cent from the same quarter a year ago. The company reported 63.61 per cent YoY growth in net profit at Rs 1055.16 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.
Source: Stocks-Markets-Economic Times
