Ambuja Cements shares drop 1.97% as Sensex rises
The stock quoted a 52-week high of Rs 649.0 and a 52-week low of Rs 381.25.
Shares of traded 1.97 per cent lower in Monday's session at 01:39PM (IST). The stock opened at Rs 626.95 and has touched an intraday high and low of Rs 626.95 and Rs 599.7, respectively, during the session so far.The stock quoted a 52-week high of Rs 649.0 and a 52-week low of 381.25. About 78,769 shares changed hands on the counter so far.
Benchmark Nifty50 was down 21.8 points at 22454.05, while the BSE traded 62.24 points higher at 73940.39 at the time of writing of this report.
In the pack, 23 stocks traded the day in the green, while 27 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 9127.45 crore, up 9.67 per cent from the previous quarter's Rs 8322.45 crore and up 10.63 per cent from the year-ago quarter. The company reported net profit of Rs 1055.16 crore for the latest quarter.
Promoter Holdings
Promoters held 66.74 per cent stake in the company as of 31-Mar-2024, while FIIs held 11.09 per cent and MFs 6.08 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 505.54 on May 06, while the 50-DMA was at Rs 609.24. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
