Ambuja Cements stock price down 1.03 per cent as Sensex slides

As of 31-Dec-2023, promoters held 0.0 per cent stake in the company, while FIIs held 11.1 per cent and domestic institutional investors had 6.05 per cent.

Shares of fell 1.03 per cent to Rs 619.05 at 12:22PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on , total traded quantity on the counter stood at 32,720 shares with a turnover of Rs 2.04 crore till 12:22PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 43.15, 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 629.95 and a low of Rs 618.5 during the session and quoted a 52-week high price of Rs 640.95 and a 52-week low of Rs 373.3.

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 491.87 on April 12, while the 50-DMA was at Rs 594.05. 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 55.92. 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 31-Dec-2023, promoters held 63.19 per cent stake in the company, while FIIs held 11.88 per cent and domestic institutional investors had 15.53 per cent.

Source: Stocks-Markets-Economic Times