Ambuja Cements stock price down 1.03 per cent as Sensex slides

Shares of Ambuja Cements Ltd. 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 BSE, 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.