Ambuja Cements Share Price: Ambuja Cements shares drop 4.04% as Sensex falls

Shares of Ltd. traded 4.04 per cent decrease in Monday’s session at 12:54PM (IST). The inventory opened at Rs 369.45 and has touched an intraday excessive and low of Rs 370.9 and Rs 353.15, respectively, in the course of the session to this point.

The inventory quoted a 52-week excessive of Rs 442.95 and a 52-week low of 242.0. About 50,606 shares modified palms on the counter to this point.

Benchmark Nifty50 was down 388.95 factors at 17228.20, whereas the BSE Sensex traded 1258.17 factors decrease at 57779.01 on the time of writing of this report.

Within the Nifty pack, 2 shares traded the day within the inexperienced, whereas 48 had been within the pink.

Key Financials

For the quarter ended 30-Sep-2021, the corporate reported consolidated gross sales of Rs 6740.57 crore, down 4.47 per cent from the earlier quarter’s Rs 7055.76 crore and down 7.56 per cent from the year-ago quarter. The corporate reported web revenue of Rs 665.81 crore for the newest quarter.

Promoter Holdings

Promoters held 63.21 per cent stake within the firm as of 31-Dec-2021, whereas FIIs held 14.69 per cent and MFs 6.57 per cent.

Technicals

On the technical charts, the 200-Day Transferring Common (DMA) of the inventory stood at Rs 374.48 on January 24, whereas the 50-DMA was at Rs 382.05. If a inventory trades above 50-DMA and 200-DMA, it often means the fast development is upward. However, if the inventory trades properly under 50-DMA and 200-DMA each, it’s thought-about as bearish development and if trades between these averages, then it suggests the inventory can go both method.