Shares of Ambuja Cements rise as Nifty drops

Shares of Ambuja Cements Ltd. gained 1.44 per cent to Rs 370.7 in Monday's trade as of 11:27AM (IST). It hit a high of Rs 373.3 and low of Rs 363.8 during the session.

The stock quoted a 52-week high price of Rs 598.15 and a low of Rs 298.55. The return on equity for the stock stood at 7.44 per cent. About 98,235 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 outperformer, up 21.48 per cent in the past one year in comparison with a 0.24 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 298.55 on April 03, while the 50-DMA was at Rs 377.98. 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 31-Dec-2022. Mutual funds and foreign institutional investors held 7.78 per cent and 10.65 per cent stake.