Shares of Ambuja Cements rise as Nifty gains

Shares of Ambuja Cements Ltd. gained 0.13 per cent to Rs 440.0 in Friday's trade as of 12:58PM (IST). It hit a high of Rs 441.05 and low of Rs 438.35 during the session.

The stock quoted a 52-week high price of Rs 598.15 and a low of Rs 315.3. The return on equity for the stock stood at 9.67 per cent. About 62,537 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 underperformer, down 4.69 per cent in the past one year in comparison with a 11.64 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 315.3 on September 08, while the 50-DMA was at Rs 440.88. 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 30-Jun-2023. Mutual funds and foreign institutional investors held 5.57 per cent and 12.45 per cent stake.