Buy Ambuja Cements, target price Rs 801: ICICI Securities

economictimes.indiatimes.com:

Ambuja Cements with a target price of Rs 801. The current market price of Ambuja Cements Ltd. is Rs 626.7.

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 153452.59 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 30-06-2024, the company reported a Consolidated Total Income of Rs 8666.20 Crore, down -5.05 % from last quarter Total Income of Rs 9127.45 Crore and down -3.45 % from last year same quarter Total Income of Rs 8976.14 Crore. Company reported net profit after tax of Rs 786.24 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 70.33 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.59 per cent, DIIs 13.03 per cent.