Ambuja Cements shares gain 0.89% as Sensex falls
The stock quoted a 52-week high of Rs 649.0 and a 52-week low of Rs 395.95.
Shares of traded 0.89 per cent higher in Tuesday's session at 10:45AM (IST). The stock opened at Rs 619.75 and has touched an intraday high and low of Rs 625.45 and Rs 613.95, respectively, during the session so far.The stock quoted a 52-week high of Rs 649.0 and a 52-week low of 395.95. About 23,951 shares changed hands on the counter so far.
Benchmark Nifty50 was down 40.66 points at 22461.35, while the BSE traded 220.49 points lower at 73785.45 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 515.1 on May 21, while the 50-DMA was at Rs 609.14. 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
