Shares of Ambuja Cements fall as Nifty drops

Shares of . slipped 0.12 per cent to Rs 379.95 in Wednesday's trade as of 11:52AM (IST). It hit a high of Rs 381.5 and low of Rs 378.35 during the session.

The stock quoted a 52-week high price of Rs 442.95 and a low of Rs 274.0. The return on equity for the stock stood at 10.96 per cent. About 21,844 shares have changed hands on the counter so far.

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

The scrip has been an underperformer, down 6.29 per cent in the past one year in comparison with a 8.3 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 274.0 on August 10, while the 50-DMA was at Rs 368.31. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Ambuja Cements Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 7.04 per cent and 12.81 per cent stake.