Ambuja Cements rises 6.03% as Sensex climbs

The stock quoted a 52-week low price of Rs 274.0 and a high of Rs 598.15.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 1,720,882 lakh shares changed hands on the counter till 10:00AM (IST).

The stock of Ambuja Cements Ltd. commanded a market value of Rs 81083.82 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 45.18, while the price-to-book value ratio stood at 2.96. Return on equity (ROE) was at 10.96 per cent, according to exchange data.

In the BSE500 pack, 297 stocks traded in the green, while 204 stocks were in the red. The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.44.

Promotor/FII Holding
Promoters held 0.0 per cent in Ambuja Cements Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 12.81 per cent and 7.04 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 452.4 on January 30, while the 50-DMA was at 535.52. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.