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Buy Ambuja Cements, target Rs 224: Arun Kumar

Buy Ambuja Cements Ltd. at a price target of Rs 224.0 and a stoploss at Rs 204 from entry point.|
Updated: Dec 03, 2019, 08.48 AM IST
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Arun Kumar of Reliance Securities has a buy call on Ambuja Cements Ltd. with a target price of Rs 224. The current market price of Ambuja Cements Ltd. is Rs 209.6. The time period given by the analyst is Intra Day when Ambuja Cements Ltd. price can reach the defined target. Arun Kumar recommended to keep stoploss at Rs 204. Ambuja Cements Ltd., incorporated in 1981, has a market cap of Rs 41619.12 crore.
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 30-09-2019, the company has reported a Consolidated sales of Rs 6077.62 Crore, down -14.02 % from last quarter Sales of Rs 7068.79 Crore and up 1.00 % from last year same quarter Sales of Rs 6017.58 Crore Company has reported net profit after tax of Rs 529.03 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 30-09-2019, the company has a total of 1,985,645,229 shares outstanding.

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