Buy Ambuja Cements, target price Rs 480: Centrum Broking

Centrum Broking has buy call on Ambuja Cements with a target price of Rs 480. The current market price of Ambuja Cements is Rs 372.65. 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 73647.58 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 31-03-2022, the company reported a Consolidated Total Income of Rs 7990.34 Crore, up 3.64 % from last quarter Total Income of Rs 7709.61 Crore and up 2.28 % from last year same quarter Total Income of Rs 7811.96 Crore. Company reported net profit after tax of Rs 850.53 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.82 per cent, DIIs 14.98 per cent.