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Buy Ambuja Cements, target Rs 220: Kunal Bothra

Buy Ambuja Cements at a price target of Rs 220 and a stop loss at Rs 200.|
Updated: Jun 20, 2019, 09.12 AM IST
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Kunal Bothra recommended to keep the stoploss at Rs 200.
Independent analyst Kunal Bothra has a buy call on Ambuja Cements with a target price of Rs 220. Kunal Bothra recommended to keep the stoploss at Rs 200.

Ambuja Cements, incorporated in the year 1981, is a large cap company (having a market cap of Rs 40,993.65 crore) operating in cement sector.

Ambuja Cements key Products/Revenue Segments include Cement which contributed Rs 10977 crore to Sales Value (96.65 per cent of Total Sales), Other Operating Revenue which contributed Rs 337.66 crore to Sales Value (2.97 per cent of Total Sales) and Scrap which contributed Rs 42.10 crore to Sales Value (0.37 per cent of Total Sales)for the year ending 31-Dec-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 6830.70 crore, up 1.52 per cent from last quarter Sales of Rs 6728.68 crore and up 5.75 per cent from last year same quarter Sales of Rs 6459.56 crore Company has reported net profit after tax of Rs 690.75 crore in latest quarter.

The company’s top management includes Dr.Omkar Goswami, Mr.Bimlendra Jha, Mr.Christof Hassig, Mr.Jan Jenisch, Mr.Mahendra Kumar Sharma, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Praveen Kumar Molri, Mr.Rajendra P Chitale, Mr.Ranjit Shahani, Mr.Roland Kolher, Mr.Shailesh Haribhakti, Ms.Shikha Sharma and Ms.Then Hwee Tan.

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