Shares of Ambuja Cements Ltd. rose 0.95% to Rs 559.15 in Tuesday’s trade as the benchmark Nifty ruled at 21904.35, up 132.65 points. The scrip had closed at Rs 553.85 in the previous session. The stock quoted a 52-week low of Rs 324.3 and a high of Rs 586.0. On BSE, 71,494 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 35.02 times its trailing 12-month EPS of Rs 15.95 per share and 2.29 times its book value. The return on equity (ROE) stood at Rs 9.67.

For the quarter ended 31-Dec-2023, Ambuja Cements Ltd. reported consolidated sales of Rs 8322.45 crore, up 3.56% from the same quarter a year ago. The company reported 89.46% YoY growth in net profit at Rs 823.05 crore for the latest quarter.

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30. However, analysts suggest caution when using technical indicators like the RSI in isolation, as a single indicator may not be sufficient to make trading decisions.

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