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    Ambuja Cements declines 1.01% as Sensex slides

    Synopsis

    The stock traded at a P/E multiple of 38.56, while the price-to-book value ratio stood at 4.0.

    Tech View
    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of Ambuja Cements Ltd. traded at Rs 376.9 on BSE at 01:27PM (IST) on Friday, down 1.01 per cent from previous close.

    The stock quoted a 52-week low price of Rs 315.3 and a high of Rs 598.15.

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

    A total of 120,857 lakh shares changed hands on the counter till 01:27PM (IST).

    The stock of Ambuja Cements Ltd. commanded a market value of Rs 74749.61 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 38.56, while the price-to-book value ratio stood at 4.0. Return on equity (ROE) was at 7.44 per cent, according to exchange data.

    In the BSE500 pack, 168 stocks traded in the green, while 333 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-Mar-2023 while foreign portfolio investors and domestic institutional investors owned 11.15 per cent and 5.79 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 452.8 on April 21, while the 50-DMA was at 368.17. 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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