Buy Ambuja Cements, target price Rs 450: Emkay Global

Emkay Global has buy call on Ambuja Cements Ltd. with a target price of Rs 450. The current market price of Ambuja Cements is Rs 374.65.

Time period given by analyst is one year when Ambuja Cements Ltd. price can reach defined target.

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 74630.48 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-2020.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 6740.57 Crore, down -4.47 % from last quarter Total Income of Rs 7055.76 Crore and up 7.56 % from last year same quarter Total Income of Rs 6266.55 Crore. Company reported net profit after tax of Rs 886.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.52 per cent, DIIs 13.35 per cent.