Ambuja Cements declines 0.88% as Sensex slides

Ambuja Cements declines 0.88% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 21.27, while the price-to-book value ratio stood at 2.96.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of Ambuja Cements Ltd. traded at Rs 298.4 on BSE at 01:19PM (IST) on Wednesday, down 0.88 per cent from previous close.

The stock quoted a 52-week low price of Rs 274.0 and a high of Rs 442.95.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 159,552 lakh shares changed hands on the counter till 01:19PM (IST).

The stock of Ambuja Cements Ltd. commanded a market value of Rs 59152.37 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 21.27, while the price-to-book value ratio stood at 2.96. Return on equity (ROE) was at 10.96 per cent, according to exchange data.

In the BSE500 pack, 259 stocks traded in the green, while 241 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 0.0 per cent in Ambuja Cements Ltd. as of 31-Dec-2021 while overseas and domestic institutional investors owned 14.66 per cent and 6.56 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 378.34 on March 23, while the 50-DMA was at 344.74. 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.

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