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Sell Ambuja Cements; target Rs 203: Manas Jaiswal

Sell Ambuja Cements at a price target of Rs 203 and a stoploss at Rs 218.

ETMarkets.com|
Updated: Dec 26, 2018, 08.50 AM IST
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Manas Jaiswal recommended to keep stoploss at Rs 218.
Manas Jaiswal of manasjaiswal.com has a sell call on Ambuja Cements with a target price of Rs 203. The current market price of Ambuja Cements is Rs 214.05. Time period given by analyst is Intra Day when Ambuja Cements price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 218. Ambuja Cements , incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 42502.74 crore) operating in Cement sector.

Ambuja Cements key Products/Revenue Segments include Cement which contributed Rs 10430.73 crore to Sales Value (98.98 per cent of Total Sales), Other Operating Revenue which contributed Rs 84.46 crore to Sales Value (0.80 per cent of Total Sales), Scrap which contributed Rs 22.74 crore to Sales Value (0.21 per cent of Total Sales) and Power which contributed Rs 0.22 crore to Sales Value (0.00 per cent 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 per cent from last quarter Sales of Rs 6835.12 crore and up 11.92 per cent 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.

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