Sell Ambuja Cements, target Rs 185: Manas Jaiswal
Sell Ambuja Cements Ltd. at a price target of Rs 185.0 and a stoploss at Rs 201 from entry point.
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 30-09-2018, 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.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 30-09-2018, the company has a total of 1,985,645,229 shares outstanding.