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Buy Ambuja Cements, target Rs 222: Kunal Bothra

Buy Ambuja Cements Ltd. at a price target of Rs 222.0 and a stoploss at Rs 206 from entry point.|
Updated: Feb 07, 2019, 09.20 AM IST
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Independent analyst Kunal Bothra has a buy call on Ambuja Cements Ltd. with a target price of Rs 222. The current market price of Ambuja Cements Ltd. is Rs 214.35. Time period given by the analyst is Intra Day when Ambuja Cements Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 206. Ambuja Cements Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 42562.31 crore.

Ambuja Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 11009.38 Crore to Sales Value (98.16 % of Total Sales), Other Operating Revenue which contributed Rs 174.97 Crore to Sales Value (1.56 % of Total Sales) and Scrap which contributed Rs 30.52 Crore to Sales Value (0.27 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 6017.58 Crore, down -11.96 % from last quarter Sales of Rs 6835.12 Crore and up 11.92 % from last year same quarter Sales of Rs 5376.87 Crore Company has reported net profit after tax of Rs 392.97 Crore in latest quarter. The company’s top management includes Dr.Omkar Goswami, Mr.Ajay Kapur, Mr.B L Taparia, Mr.Christof Hassig, Mr.Haigreve Khaitan, Mr.Jan Jenisch, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Rajendra P Chitale, Mr.Roland Kolher, Mr.Shailesh Haribhakti. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 1,985,645,229 shares outstanding.

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