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Shares of Ambuja Cements rise as Nifty gains

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Shares of Ambuja Cements Ltd. gained 2.07 per cent to Rs 588.7 in Thursday’s trade as of 11:47AM (IST). It hit a high of Rs 590.8 and low of Rs 578.55 during the session.

The stock quoted a 52-week high price of Rs 624.55 and a low of Rs 354.2. The return on equity for the stock stood at 9.67 per cent. About 45,965 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 58.72 per cent in the past one year in comparison with a 24.87 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 354.2 on March 21, while the 50-DMA was at Rs 573.53. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Ambuja Cements Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 6.64 per cent and 11.88 per cent stake.

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SROMPL – India’s 1st Import Export Consultant and Branding and Marketing Company,

Welcome to Sromplexport! We’re a company that helps people and businesses import and export products across different countries. Whether you’re looking to source products, manage logistics, or navigate customs regulations, we’ve got you covered. We’re based in Rajkot, Gujarat, India, and we’re committed to providing ethical and transparent service to our clients. We work with industries like textiles, agriculture, and handicrafts, and we’re always happy to build new relationships with people who want to succeed in the import/export world. Thanks for stopping by, and let us know how we can help you!

Sromplexport offers international trade services, including product sourcing, quality control, logistics, and customs clearance. Our ethical and transparent approach simplifies the import/export process for clients in various industries.

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