Buy Ambuja Cements, target Rs 255: Kunal Bothra
Buy Ambuja Cements Ltd. at a price target of Rs 255.0 and a stoploss at Rs 233 from entry point.
Ambuja Cements Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 47963.26 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.