Ambuja Cements declines 0.65% as Sensex slides

Earlier, the stock saw a gap up opening in the morning.

A total of 44,541 lakh shares changed hands on the counter till 01:13PM (IST).

The stock of commanded a market value of Rs 150989.47 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 49.61, while the price-to-book value ratio stood at 3.25. Return on equity (ROE) was at 8.62 per cent, according to exchange data.

In the BSE500 pack, 330 stocks traded in the green, while 171 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.44.

Promotor/FII Holding
Promoters held 70.29 per cent in . as of 31-Mar-2024 while overseas and domestic institutional investors owned 9.89 per cent and 5.37 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 512.5 on May 16, while the 50-DMA was at 608.82. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.