Ambuja Cements shares down 1.62% as Sensex rises
A total of 63,585 shares changed hands on the counter till 11:41AM (IST)
Shares of fell 1.62 per cent to Rs 633.7 in Thursday's session as of 11:41AM (IST) even as the equity benchmark traded 43.22 points higher at 73896.16.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 649.0 and a 52-week low of Rs 376.0 on . Around 63585 shares changed hands on the counter till 11:41AM (IST).
The stock opened at Rs 645.7 and has touched an intraday high and low of Rs 649.0 and Rs 631.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 50.11, earnings per share (EPS) of Rs 12.86 and price to book value (PB) of 2.29, while the return on equity (ROE) stood at Rs 9.67.
Promoter/ FII Holding
The promoters held 66.74 per cent stake in the company as of April 25, while FII and MF ownerships stood at 11.09 per cent and 6.08 per cent, respectively.
Key Financials
With a market capitalisation of Rs 158662.1 crore, the company operates in the Cement - Pan India industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 8322.45 crore, up 5.35 per cent from the previous quarter?s Rs 7899.99 crore and up 3.56 per cent from the same quarter a year ago. The company reported net profit of Rs 823.05 crore for the latest quarter, up 89.46 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 58.72. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
