The return on equity (ROE) for the stock stood at 10.39 per cent. Traded volume on the counter stood at 12:50PM shares and turnover at Rs 2.1 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 329.9 and 52-week low prices of Rs 163.8, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while FIIs held 17.7 per cent and domestic institutional investors had 4.9 per cent.
Key Financials
The company reported consolidated sales of Rs 7811.96 crore for the quarter ended 31-Mar-2021, up 3.43 per cent from previous quarter’s Rs 7552.73 crore and up 22.22 per cent from the year-ago quarter’s Rs 6391.47 crore. Net profit after tax for the latest quarter stood at Rs 947.21 crore, up 70.9 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
