Ambuja Cements shares rise 2.32% as Sensex climbs

A total of 491,958 shares changed hands on the counter till 10:45AM (IST)

By ETMarkets.com | Jun 14, 2024, 10.45 AM IST

Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.

Shares of the Ambuja Cements Ltd. traded at Rs 679.75 on BSE at 10:45AM (IST) on Friday, up 2.32 per cent from previous close.

The stock quoted a 52-week low price of Rs 404.0 and a high of Rs 690.0.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 491,958 lakh shares changed hands on the counter till 10:45AM (IST).

The stock of Ambuja Cements Ltd. commands a market value of Rs 169943.2 crore.

The stock traded at a price-to-earning (P/E) multiple of 47.51, while the price-to-book value ratio stood at 3.25. Return on equity (ROE) was at 9.24 per cent, according to exchange data.

In the BSE500 pack, 350 stocks traded in the green, while 151 stocks were in the red.

Promotor Holding
Promoters held 66.74 per cent in the Ambuja Cements Ltd. as of 31-Mar-2024 while foreign portfolio investors and domestic institutional investors owned 11.09 per cent and 14.24 per cent, respectively.

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