Buy Ambuja Cements, target Rs 277.0 : Rakesh Bansal

Rakesh Bansal of R K Global has a buy call on Ambuja Cements Ltd. with a target price of Rs 277.0 .The current market price of Ambuja Cements Ltd. is Rs 261.65 Time period given by analyst is Intra Day when Ambuja Cements Ltd. price can reach defined target. Rakesh Bansal maintains stop loss at Rs 255.

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of ₹ 51269.36 Cr.) operating in Cement sector.

Ambuja Cements Ltd. key Products/Revenue Segments include Cement which contributed ₹ 10430.73 Cr to Sales Value (98.98 % of Total Sales), Other Operating Revenue which contributed ₹ 84.46 Cr to Sales Value (0.80 % of Total Sales), Scrap which contributed ₹ 22.74 Cr to Sales Value (0.21 % of Total Sales) and Power which contributed ₹ .22 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Dec-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 5631.90 Cr., up 15.86% from last quarter Sales of ₹ 4861.04 Cr. and up 5.41% from last year same quarter Sales of ₹ 5342.90 Cr. Company has reported net profit after tax of ₹ 394.31 Cr. in latest quarter. The company’s CEO is Mr.Ajay Kapur. It's Board of Directors include Mr.Rajiv Gandhi, Dr.Omkar Goswami, Mr.Ajay Kapur, Mr.B L Taparia, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Haigreve Khaitan, Mr.Henning Sasse, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Rajendra P Chitale, Mr.Rajiv Gandhi, Mr.Rajiv Malhotra, Mr.Sanjay Gupta, Mr.Shailesh Haribhakti, Mr.Suresh Joshi, Mr.Vilas Deshmukh, Ms.Meenakshi Narain, Ms.Usha Sangwan. Company has its registered office at P.O. Ambuja Nagar,, Taluka-Kodinar, Junagadh District, 362715, Gujarat. Company has SRBC & Co LLP as its auditors. As on 31-03-2017, the company has a total of 1,969,867,738 shares outstanding.