If markets are volatile, investors can expect companies listed in the NSE and BSE performing below their expectations. So, with a downtrend, performance of small and big companies alike will tank and vice versa. Only counted few companies manage to swim against the volatility and exhibit a moderate uptrend. But this does not happen with all organizations in a particular segment. For example, in the cement segment if ACC stocks have seen a rise, Ambuja Cement stocks may witness a fall. This is what has happened as of 14th June statistics.
At 4:35pm IST, price of Ambuja Cement NSE stock was 163.25 INR, which is a loss of Rs -0.30 or -0.18 percent from the previous close of Rs. 163.55. While the day’s high was Rs. 165.40, the day’s low was Rs. 161.00. Volume is 3,375,993 with average at 2,009,811. If you want to have a detailed overview of the fall and rise of price of Ambuja Cements NSE stocks, consider its 52 week high and low price figures. You will become familiar with the difference. While the 52 week high was Rs. 182, the 52-wk low was Rs. 120.10. For intraday traders of Ambuja Cements NSE stocks, this is not a big loss. The price change witnessed for the day is not high.
Those who have invested in this company’s stocks for the long term only need to wait and watch. They can consider selling after several years when the price rises beyond their expectation levels. What market experts recommend investors of investing in blue chip stocks for the long term is no wonder justified. If you are investing in Ambuja Cements NSE stocks for the long term, you can gain a competitive advantage. In a volatile market, in intra day trading, you need to stay updated by the minute, as risks are involved.
Ambuja Cements Limited (ACL) is listed in NSE as AMBUJACEM. Formerly known as Gujarat Ambuja Cement Limited, this cement manufacturing company is India’s No. 3 cement producer. It produces two types of cement – Portland Pozzolano cement (PPC) and Ordinary Portland cement (OPC). 20.97 million tons of cement in addition to 14.7 million tons of clinker were manufactured during the year 2011.
The company profits fell for the first quarter ended March 2011 at 23 percent in net profit to 3.12 billion rupees ($60.32 million). This has also impacted the price change ever since the financial reports were published.
The Article Source