Business & Investment

Ambuja Cement Shares: Ambuja Cement Shares Fall As Nifty Weakens

In a transaction at 11:21 am (IST) on Monday, the stock price of the limited liability company fell 0.49% to 374.85 rupees. During the session, stocks hit a high of 378.65 rupees and a low of 373.25 rupees.

Return on equity (ROE) for stocks was 10.39%. The trading volume at the counter was 11:21 am, and sales at that time were 0.98 rupees. Ambuja Cements Ltd.’s share price was Rs 442.95 for the 52-week high and Rs 225.9 for the 52-week low, respectively.

The beta value of the stock, which measures its volatility in relation to the wider market, was 1.44.



Promoter / FII Holding

As of September 30, 2021, the promoter held a 0.0% stake in the company, with foreign investors holding 16.48% and domestic institutional investors holding 5.25%.

Major finances

The company reported consolidated sales of Rs.6740.57 for the quarter ended September 30, 2021, down 4.47% from Rs. 7055.76 in the previous quarter and down 7.56% from Rs. 6266.55 in the year-ago quarter. Net income after tax for the most recent quarter was Rs 66.581 billion, an increase of 7.08% over the same period last year.

technical
MACD showed a bearish bias on the counter. MACD is known for notifying the trend reversal of traded securities or indexes.

This is the difference between the 26th and 12th exponential moving averages. A 9-day exponential moving average, called the signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it signals a bearish signal, indicating that the price of the security may fall or vice versa.

Ambuja Cement Shares: Ambuja Cement Shares Fall As Nifty Weakens

https://economictimes.indiatimes.com/markets/stocks/stock-watch/share-price-of-ambuja-cements-falls-as-nifty-weakens/articleshow/88117098.cms Ambuja Cement Shares: Ambuja Cement Shares Fall As Nifty Weakens

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