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    Ambuja Cements shares gain 0.14% as Sensex falls

    Synopsis

    A total of 46,697 shares changed hands on the counter till 10:46AM (IST)

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    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of Ambuja Cements Ltd. traded 0.14 per cent up at Rs 399.15 at 10:46AM (IST) on Friday, even as BSE benchmark Sensex dropped 122.65 points to 61309.09. The stock had settled at Rs 398.6 in the previous session.

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

    As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 10:46AM shares with turnover at Rs 1.86 crore.

    At the current price, shares of the company trades at 41.21 times its trailing 12-month EPS of Rs 9.69 per share and 2.29 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

    Shareholding Details
    Promoters held 63.22 per cent stake in the company as of 31-Mar-2023, while FIIs owned 11.16 per cent and DIIs 14.42 per cent.
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