Ambuja Cements shares fall 0.11 per cent in Wednesday's trading session

Shares of Ambuja Cements Ltd. fell 0.11 per cent to Rs 419.15 in Wednesday's trade as of 12:47PM (IST) even as the benchmark Nifty ruled at 19418.15, down 21.25 points.

The scrip had closed at Rs 419.6 in the previous session. The stock quoted a 52-week low of Rs 315.3 and a high of Rs 598.15. The company quoted a market-cap of Rs 83079.4 crore on the BSE.

On BSE, 45,709 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 43.17 times its trailing 12-month EPS of Rs 9.69 per share and 2.29 times its book value. The return on equity (ROE) stood at Rs 9.67.

Key Financials
For the quarter ended 31-Mar-2023, Ambuja Cements Ltd. reported consolidated sales of Rs 8250.45 crore, up 3.26 per cent from the same quarter a year ago. The company reported 2.11 per cent YoY de-growth in net profit at Rs 644.94 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.