Buy Ambuja Cements, target price Rs 665: Choice Equity
Ambuja Cements with a target price of Rs 665. The current market price of Ambuja Cements is Rs 623.3.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 153267.86 Crore) operating in Cement sector.
Ambuja Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 9127.45 Crore, up 9.67 % from last quarter Total Income of Rs 8322.45 Crore and up 10.63 % from last year same quarter Total Income of Rs 8250.45 Crore. Company reported net profit after tax of Rs 1522.35 Crore in latest quarter.
Promoter/FII Holdings Promoters held 66.74 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.09 per cent, DIIs 14.24 per cent.
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