Shares of Ambuja Cements Ltd. traded 1.29 per cent up at Rs 310.eight at 01:03PM (IST) on Friday, at the same time as BSE benchmark Sensex gained 1414.eight factors to 55944.71.

The inventory had settled at Rs 306.85 within the earlier session. The inventory quoted a 52-week excessive worth of Rs 442.95 and 52-week low of Rs 261.1, respectively. As per BSE information, complete traded quantity on the counter until 01:03PM (IST) stood at 917659 shares with a turnover of Rs 28.72 crore.

On the prevailing worth, the inventory traded at 21.91 occasions its trailing 12-month EPS of Rs 14.Zero per share and a pair of.96 occasions its price-to-book worth, BSE information confirmed.

A better P/E ratio reveals buyers are keen to pay the next share worth immediately due to development expectations sooner or later.

Worth-to-book worth signifies the inherent worth of an organization and displays the worth buyers are able to pay even for no development within the enterprise. The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 1.44.

Shareholding Particulars

Promoters held 0.Zero per cent stake within the firm as of 31-Dec-2021, whereas FIIs owned 14.66 per cent and DIIs 6.56 per cent.

Technicals

On the technical charts, the relative energy index (RSI) of the inventory stood at 25.87. The RSI oscillates between zero and 100. Historically, it’s thought-about overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Chartists say, RSI shouldn’t be seen in isolation, because it is probably not adequate to take a buying and selling name, simply the best way elementary analysts can’t give a’purchase’ or’promote’ suggestion utilizing a single valuation ratio.

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