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    Buy Ambuja Cements, target Rs 234: Kunal Bothra

    Synopsis

    Buy Ambuja Cements Ltd. at a price target of Rs 234 and a stoploss at Rs 218 from entry point.

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    Independent analyst Kunal Bothra has a buy call on Ambuja Cements Ltd. with a target price of Rs 234. The current market price of Ambuja Cements Ltd. is Rs 223.8 Time period given by analyst is Intra Day when Ambuja Cements Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 218. Ambuja Cements Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 44438.74 crore.

    Ambuja Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 10430.73 Crore to Sales Value (98.98 % of Total Sales), Other Operating Revenue which contributed Rs 84.46 Crore to Sales Value (0.80 % of Total Sales), Scrap which contributed Rs 22.74 Crore to Sales Value (0.21 % of Total Sales) and Power which contributed Rs .22 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Dec-2016.

    For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 6835.12 Crore, up 5.81 % from last quarter Sales of Rs 6459.56 Crore and up 11.22 % from last year same quarter Sales of Rs 6145.33 Crore Company has reported net profit after tax of Rs 681.97 Crore in latest quarter. The company’s top management includes Dr.Omkar Goswami, Mr.Ajay Kapur, Mr.B L Taparia, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Haigreve Khaitan, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Rajendra P Chitale, Mr.Shailesh Haribhakti, Ms.Usha Sangwan. Company has SRBC & Co LLP as its auditoRs As on 30-06-2018, the company has a total of 1,985,645,229 shares outstanding.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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