Sell Ambuja Cements, target price Rs 170: Sagar Doshi
Sagar Doshi recommended to keep a stop loss at Rs 195.
Ambuja Cements key products/revenue segments include cement which contributed Rs 10,977 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 December, 2018.
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 7,068.79 crore, up 3.49 per cent from last quarter sales of Rs 6830.70 crore and up 3.42 per cent from last year same quarter sales of Rs 6835.12 crore. The company has reported a net profit after tax of Rs 827.45 crore in latest quarter. The company’s top management includes Omkar Goswami, Bimlendra Jha, Christof Hassig, Jan Jenisch, Mahendra Kumar Sharma, Martin Kreigner, N S Sekhsaria, Nasser Munjee, Praveen Kumar Molri, Rajendra P Chitale, Ranjit Shahani, Roland Kolher, Shailesh Haribhakti, Shikha Sharma and Then Hwee Tan. The company has Deloitte Haskins & Sells LLP as its auditor. As on 30-06-2019, the company has a total of 1,985,645,229 shares outstanding.