Ambuja Cements shares gain 0.91% as Sensex rises

Shares of Ambuja Cements Ltd. traded 0.91 per cent higher in Friday’s session at 12:17PM (IST). The stock opened at Rs 614.35 and has touched an intraday high and low of Rs 615.3 and Rs 607.25, respectively, during the session so far.

The stock quoted a 52-week high of Rs 706.85 and a 52-week low of 404.0. About 47,005 shares changed hands on the counter so far.

Benchmark Nifty50 was up 287.46 points at 25703.25, while the BSE Sensex traded 978.54 points higher at 84163.34 at the time of writing of this report.

In the Nifty pack, 45 stocks traded the day in the green, while 5 were in the red.

Key Financials
For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 8666.2 crore, down 5.05 per cent from the previous quarter’s Rs 9127.45 crore and down 3.45 per cent from the year-ago quarter. The company reported net profit of Rs 646.31 crore for the latest quarter. Promoter Holdings
Promoters held 70.33 per cent stake in the company as of 30-Jun-2024, while FIIs held 9.59 per cent and MFs 5.53 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 604.88 on September 20, while the 50-DMA was at Rs 643.3. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

Source link

Ambuja Cements shares gain 0.91% as Sensex rises

LEAVE A REPLY Cancel reply

About Us

Latest

Popular

Sitemap