Ambuja cements share price: Ambuja Cements share price up 1.53 per cent

Shares of Ltd. traded 1.53 per cent up at Rs 315.05 at around 12:35PM (IST) on Tuesday. The stock had closed at Rs 310.3 in the previous session. Equity benchmark Sensex traded 649.99 points higher at 50230.72 around the same time.

The scrip has climbed 83.12 per cent in the last one year till date, while the 30-share index has gained 56.92 per cent during the same period.

The stock’s 52-week high price stood at Rs 329.9 and the 52-week low price at Rs 170.45.

Trading volume on the counter stood at 262,259 shares, while it quoted a price-to-earnings ratio of 22.62, an EPS value of 13.89 and a price-to-book value of 2.17. In the Nifty50 pack, 42 stocks traded in the green, while 8 stocks were in the red.

Promoter/FII Holding
Promoters held 63.29 per cent stake in the company as of 31-Mar-2021, while overseas investor and mutual funds’ ownership stood at 17.75 per cent and 4.91 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 7811.96 crore, up 3.43 per cent from the previous quarter’s Rs 7552.73 crore and up 22.22 per cent from the year-ago quarter’s Rs 6391.47 crore. The company reported net profit of Rs 947.21 crore for the latest quarter.

Technical Indicators

The MACD signalled a 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 top of 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.

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