Ambuja Cements News:

Amidst the fall today, there was a lot of enthusiasm among the investors regarding the shares of the cement sector.

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Shares of Ambuja Cements Ltd jumped over 9 percent to reach its all-time high of Rs 568.

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The volumes of Ambuja Cements have been rising continuously for the last four trading sessions, indicating heavy buying.

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The stock of Ambuja Cements has climbed 50 percent so far this year, while it has gained over 33 percent in the last one month.

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It is a large-cap company that manufactures cement. It has a stronghold in the Indian market.

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Ambuja has a market cap of over Rs 111350 crore and is one of the largest cement companies in the country.

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A huge rally is expected in this stock. Its ADX (59.13) is showing strong strength and +DMI is above -DMI.

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Its OBV is also at the swing high and its RSI (79.95) is also in the super bullish zone. It is showing strong strength in the short term.

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According to experts, the Ambuja Cements stock is technically very strong and its momentum is Bullish.

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