Ambuja Cements trading high despite Sensex fluctuations

As of 01:28 PM (IST) on Thursday, the benchmark Sensex was trading 73.8 points higher at 62014.0, but shares of Ambuja Cements Ltd. were up 0.64 per cent to Rs 410.7. The stock had an opening gap-up of the session earlier in the day. On the NSE, the stock was priced between Rs 315.3 and Rs 598.15, representing its 52-week high and low, respectively. By 01:28 PM (IST), 118906 shares had been traded on the counter.

The stock started the day at Rs. 409.05, and so far in the session, it has traded at a high and a low of Rs. 413.55 and Rs. 406.25, respectively. The share’s price-to-earnings (PE) ratio was 42.45, its EPS was 9.69 rupees, and its PB was 2.29; its return on equity (ROE) was 8.14 rupees.

Analyzing Ambuja Cements: RSI and other valuation ratios

Several corporate news India channel show that the founders of the business owned 63.22% of its shares as of May 11. Mutual Funds (MF) owned 5.8% of the company’s shares, while Foreign Institutional Investors (FII) held 11.16 per cent of the stock. The ownership structure of the corporation as of right now may be seen in this data.

The company is a member of the Cement – Pan Indian industry and has a market capitalization of Rs 81689.44 crore. For the quarter that ended on March 31, 2023, the firm recorded consolidated sales of Rs. 8250.45 crores, an increase of 2.66 per cent over the quarter before (Rs. 8036.46 crores) and 3.26 per cent over the same quarter a year prior. In the most recent quarter, the company posted a net profit of Rs 644.94 crore, a 2.11 per cent decrease from the same period the previous year.

The Indian company news on the stock now has a 65.48 relative strength index (RSI). The RSI swings back and forth between 0 and 100. Traditionally, an RSI reading above 70 indicates an overbought position and a value below 30 indicates an oversold one. Analysts argue that similar to how a fundamental analyst cannot make a buy or sell recommendation based solely on a single valuation ratio, the RSI indicator should not be viewed in isolation as it may not be adequate to make a trading call.

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