Ambuja Cements stock price down 0.32 per cent as Sensex climbs

Shares of Ambuja Cements Ltd. fell 0.32 per cent to Rs 426.05 at 11:27AM hours (IST) on Wednesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 221,128 shares with a turnover of Rs 9.44 crore till 11:27AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 43.89, while the price-to-book value ratio stood at 2.29.

Return on equity (ROE) was at 8.14 per cent, according to exchange data. The stock hit an intraday high of Rs 430.0 and a low of Rs 424.0 during the session and quoted a 52-week high price of Rs 598.15 and a 52-week low of Rs 315.3.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 456.32 on May 24, while the 50-DMA was at Rs 387.23. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 66.73. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2023, promoters held 63.22 per cent stake in the company, while overseas investors held 11.16 per cent and domestic institutional investors had 14.42 per cent.