Buy Ambuja Cements, target Rs 220: Kunal Bothra
Buy Ambuja Cements Ltd. at a price target of Rs 220.0 and a stoploss at Rs 210 from entry point.
Ambuja Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 10977.00 Crore to Sales Value (96.65 % of Total Sales), Other Operating Revenue which contributed Rs 337.66 Crore to Sales Value (2.97 % of Total Sales) and Scrap which contributed Rs 42.10 Crore to Sales Value (0.37 % of Total Sales)for the year ending 31-Dec-2018.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 7068.79 Crore, up 3.49 % from last quarter Sales of Rs 6830.70 Crore and up 3.42 % from last year same quarter Sales of Rs 6835.12 Crore Company has reported net profit after tax of Rs 827.45 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, Ms.Then Hwee Tan. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2019, the company has a total of 1,985,645,229 shares outstanding.