AgenciesRelated
Emkay Global has buy call on with a target price of Rs 450. The current market price of Ambuja Cements Ltd. is Rs 358.5.
Time period given by analyst is one year when Ambuja Cements Ltd. price can reach defined target.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 70420.91 Crore) operating in Cement sector.
Ambuja Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 6740.57 Crore, down -4.47 % from last quarter Total Income of Rs 7055.76 Crore and up 7.56 % from last year same quarter Total Income of Rs 6266.55 Crore. Company reported net profit after tax of Rs 886.50 Crore in latest quarter.
Investment Rationale
The stock has corrected 17% (underperforming broader indices by 15%) in the past three months amid concerns about recent weakness in demand/prices. The brokerage sees this as an opportunity to Buy.
Promoter/FII Holdings
Promoters held 63.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.52 per cent, DIIs 13.35 per cent.
Time period given by analyst is one year when Ambuja Cements Ltd. price can reach defined target.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 70420.91 Crore) operating in Cement sector.
Ambuja Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 6740.57 Crore, down -4.47 % from last quarter Total Income of Rs 7055.76 Crore and up 7.56 % from last year same quarter Total Income of Rs 6266.55 Crore. Company reported net profit after tax of Rs 886.50 Crore in latest quarter.
Investment Rationale
The stock has corrected 17% (underperforming broader indices by 15%) in the past three months amid concerns about recent weakness in demand/prices. The brokerage sees this as an opportunity to Buy.
Promoter/FII Holdings
Promoters held 63.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.52 per cent, DIIs 13.35 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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