Ambuja Cements Share Price: Ambuja Cements shares fall 0.68 per cent in Tuesday’s trading session

Shares of Ltd. fell 0.68 per cent to Rs 433.15 in Tuesday’s trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 17388.35, up 33.05 points.

The scrip had closed at Rs 436.1 in the previous session. The stock quoted a 52-week low of Rs 197.5 and a high of Rs 442.95. The company quoted a market-cap of Rs 86047.94 crore on the BSE.

On BSE, 84,721 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 27.08 times its trailing 12-month EPS of Rs 16.0 per share and 2.17 times its book value. The return on equity (ROE) stood at Rs 10.39.


Key Financials

For the quarter ended 30-Jun-2021, Ambuja Cements Ltd. reported consolidated sales of Rs 7055.76 crore, down 48.39 per cent from the same quarter a year ago. The company reported 91.78 per cent YoY growth in net profit at Rs 876.71 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. 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.

Source Link