AgenciesRelated
Equirus Securities has buy call on Ambuja Cements with a target price of Rs 339. The current market price of Ambuja Cements Ltd. is Rs 299.55.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 60323.90 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7552.73 Crore, up 20.52 % from last quarter Total Income of Rs 6266.55 Crore and up 4.58 % from last year same quarter Total Income of Rs 7221.65 Crore. Company reported net profit after tax of Rs 962.19 Crore in latest quarter.
Investment Rationale
Benefits of the Master Supply Agreement (MSA) with ACC have started flowing in. ACEM continues to actively focus on ESG and carbon footprint reduction.
Promoter/FII Holdings
Promoters held 63.3 per cent stake in the company as of Dec 31, 2020, while FIIs held 18.1 per cent, DIIs 11.4 per cent and public and others 7.1 per cent.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 60323.90 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7552.73 Crore, up 20.52 % from last quarter Total Income of Rs 6266.55 Crore and up 4.58 % from last year same quarter Total Income of Rs 7221.65 Crore. Company reported net profit after tax of Rs 962.19 Crore in latest quarter.
Investment Rationale
Benefits of the Master Supply Agreement (MSA) with ACC have started flowing in. ACEM continues to actively focus on ESG and carbon footprint reduction.
Promoter/FII Holdings
Promoters held 63.3 per cent stake in the company as of Dec 31, 2020, while FIIs held 18.1 per cent, DIIs 11.4 per cent and public and others 7.1 per cent.
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