Ambuja Cements Stock Price: Ambuja Cements stock price up 0.98 per cent as Sensex climbs

Shares of Ltd. rose 0.98 per cent to Rs 308.45 at 11:18AM hours (IST) on Wednesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 43,112 shares with a turnover of Rs 1.33 crore till 11:18AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 25.94, while the price-to-book value ratio stood at 1.62.

Return on equity (ROE) was at 10.39 per cent, according to exchange data. The stock hit an intraday high of Rs 311.3 and a low of Rs 305.05 during the session and quoted a 52-week high price of Rs 314.8 and a 52-week low of Rs 148.25.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.44.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 244.13 on April 07, while the 50-DMA was at Rs 281.29. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 63.96. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 63.29 per cent stake in the company, while foreign institutional investors held 17.75 per cent and domestic institutional investors had 12.11 per cent.

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