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    Share price of Ambuja Cements falls as Nifty strengthens

    Synopsis

    A total of 35,926 shares changed hands on the counter till 10:56AM (IST).

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Shares of Ltd. slipped 0.17 per cent to Rs 420.55 in Friday's trade as of 10:56AM (IST). The stock hit a high price of Rs 427.0 and low of Rs 420.0 during the session.

    The return on equity (ROE) for the stock stood at 10.39 per cent. Traded volume on the counter stood at 10:56AM shares and turnover at Rs 1.52 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 442.95 and 52-week low prices of Rs 225.9, respectively.

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

    Promotor/FII Holding
    Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while overseas investors held 16.48 per cent and domestic institutional investors had 5.25 per cent.

    Key Financials
    The company reported consolidated sales of Rs 6740.57 crore for the quarter ended 30-Sep-2021, down 4.47 per cent from previous quarter's Rs 7055.76 crore and down 7.56 per cent from the year-ago quarter's Rs 6266.55 crore. Net profit after tax for the latest quarter stood at Rs 665.81 crore, up 7.08 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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