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Sell Ambuja Cements, target Rs 180: Sagar Doshi

Sell Ambuja Cements Ltd. at a price target of Rs 180.0 and a stoploss at Rs 202 from entry point.|
Updated: Sep 04, 2019, 08.19 AM IST
Sagar Doshi of Edelweiss Financial Services has a sell call on Ambuja Cements Ltd. with a target price of Rs 180. The current market price of Ambuja Cements Ltd. is Rs 193.25. Time period given by the analyst is Intra Day when Ambuja Cements Ltd. price can reach the defined target. Sagar Doshi recommended to keep stoploss at Rs 202. Ambuja Cements Ltd., incorporated in 1981, has a market cap of Rs 38372.59 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 30-06-2019, 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.

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