Buy Ambuja Cements, target price Rs 831: ICICI Securities
Ambuja Cements with a target price of Rs 831. The current market price of Ambuja Cements is Rs 608.9.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 120627.95 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 31-12-2023, the company reported a Consolidated Total Income of Rs 8322.45 Crore, up 5.35 % from last quarter Total Income of Rs 7899.99 Crore and up 3.56 % from last year same quarter Total Income of Rs 8036.46 Crore. Company reported net profit after tax of Rs 1079.34 Crore in latest quarter.
Promoter/FII Holdings Promoters held 63.19 per cent stake in the company as of 31-Dec-2023, while FIIs owned 11.88 per cent, DIIs 15.53 per cent.
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