Sell Ambuja Cements, price target Rs 188: Kunal Bothra

Kunal Bothra has a sell call on Ambuja Cements Ltd. with a target price of Rs 188.0 . The current price of Ambuja Cements Ltd. is Rs 193.35 . Kunal Bothra recommended to keep a stoploss at Rs 197 .

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 38878.93 Crore) operating in Cement sector.

Ambuja Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 10977.00 Crore to Sales Value (96.65 % of Total Sales), Other Operating Revenue which contributed Rs 337.66 Crore to Sales Value (2.97 % of Total Sales) and Scrap which contributed Rs 42.10 Crore to Sales Value (0.37 % of Total Sales)for the year ending 31-Dec-2018.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 6077.62 Crore, down -14.02 % from last quarter Sales of Rs 7068.79 Crore and up 1.00 % from last year same quarter Sales of Rs 6017.58 Crore Company has reported net profit after tax of Rs 529.03 Crore in latest quarter.

The company’s top management includes Dr.Omkar Goswami, Mr.Bimlendra Jha, Mr.Christof Hassig, Mr.Jan Jenisch, Mr.Mahendra Kumar Sharma, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Praveen Kumar Molri, Mr.Rajendra P Chitale, Mr.Ranjit Shahani, Mr.Roland Kolher, Mr.Shailesh Haribhakti, Ms.Shikha Sharma, Ms.Then Hwee Tan. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 1,985,645,229 shares outstanding.