Ambuja Cements News:

Effect of the name of Gautam Adani Group! Ambuja Cements shares jumped nine percent in the morning.

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

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

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

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.

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

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

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

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.

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