Ambuja Cements shares down 0.05% as Sensex falls

Shares of Ambuja Cements Ltd. fell 0.05 per cent to Rs 538.25 in Thursday's session as of 10:30AM (IST) even as the equity benchmark Sensex traded 133.92 points lower at 60933.32.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 598.15 and a 52-week low of Rs 274.0 on NSE. Around 75300 shares changed hands on the counter till 10:30AM (IST).

The stock opened at Rs 540.45 and has touched an intraday high and low of Rs 544.9 and Rs 531.4 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 59.46, earnings per share (EPS) of Rs 9.04 and price to book value (PB) of 2.96, while the return on equity (ROE) stood at Rs 10.96.

Promoter/ FII Holding
The promoters held 63.22 per cent stake in the company as of December 22, while FII and MF ownerships stood at 12.82 per cent and 7.37 per cent, respectively.

Key Financials
With a market capitalisation of Rs 106718.5 crore, the company operates in the Cement - Pan India industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 7244.78 crore, down 11.28 per cent from the previous quarter?s Rs 8165.85 crore and down 7.48 per cent from the same quarter a year ago. The company reported net profit of Rs 93.18 crore for the latest quarter, down 86.01 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 36.92. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.