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AMBUJA CEMENTS VALUATION
Bernstein says Adani Group emerged stronger after short-seller episode and US developmentsAdani Group has emerged stronger following past challenges. A report highlights improved financials and continued infrastructure expansion....
Sanjay H Parekh bets big on Reliance, private banks, and domestic plays amid global uncertaintySohum Asset Managers is shifting its focus to largecap stocks for safety. The fund is overweighting domestic businesses and underweighting ...
Explained: What merger of Ambuja Cements, ACC, Orient Cement means for Adani shareholdersAmbuja Cements’ board approved merger schemes to combine ACC and Orient Cement into Ambuja through share swaps, with no cash payout. ACC sh...
Adani's Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giantAmbuja Cements, part of the Adani Group, has approved merging ACC Ltd and Orient Cement Ltd into a single entity. This consolidation aims t...
Cantor initiates coverage on Ambuja Cements with 'Overweight' rating, sets target price at Rs 745Global brokerage Cantor has initiated coverage on Ambuja Cements with an ‘Overweight’ rating and a target price of Rs 745, implying 28% ups...
Ambuja Cements completes acquisition of promoters' 37.8% stake in Orient CementAdani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters' stake of CK Birla group firm Orient Cement Ltd (...
Orient Cement shares jump 9% as promoter CK Birla taps Adani for stake saleThe transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter ...
Long-term investors can pick Adani Ports and Adani Wilmar: Sudip BandyopadhyayIf you look at the valuation also these were relatively reasonably valued even pre-correction and now post-correction they are definitely a...
Holcim-Adani deal: Decoding the key challenge for cement industryCement industry’s operational performance over the past few quarters has been broadly affected by rising prices of coal and fuel, and the i...
What a Holcim exit would mean for ACC, Ambuja investors & cement sectorHolcim in 2021 announced ‘Strategy 2025’ where it articulated its target to expand Solutions & Products to 30 per cent of group net sales f...
Ambuja Cement, a laggard for 5 years, builds a case for attentionAmbuja Cement currently trades at a substantial discount to UltraTech and Shree Cement, compared with a premium before 2015.
Many gains from a ACC-Ambuja merger to lift valuationIt makes logical sense to operationally merge ACC into Ambuja Cements, given the structural benefits of the equity holding: Ambuja is alrea...
Having fallen to 52-week low, Ambuja shares attractive due to Holcim’s cost cutsConsidering the cost reduction target by Holcim and the expected jump in demand due to escalating construction activities, Ambuja’s stock l...
Ambuja stock lags behind ACC, UltraTech over Holcim dealAnother factor that has resulted in a tepid investor interest in the stock of Ambuja Cements is its geographical presence.
CLSA, BofA-ML downgrade Ambuja Cements as Holcim rejigs India opsTop global brokerage firms, including CLSA and BofA-ML, have downgraded Ambuja Cements a day after Holcim Ltd said it would raise stake in ...
Ambuja Cements tanks 14% post ACC-Holcim deal; lowest since April 10The proposed deal would imply transfer of nearly all the cash from the books of Ambuja Cements to Holcim & higher stake in combined entity.
Expect Ambuja Cements’ topline growth to be flat in Q1: Mangesh Bhadang, Quant Broking"In Ambuja we are looking for a flat top line of around Rs 2500 crore and expect the PAT to be 26-27% down to around Rs 340 crore. "
Ambuja Cements under pressure ahead of Q3 resultsAmbuja Cements slipped over 2 per cent in the afternoon trade on Thursday, ahead of its earnings for the quarter ended December 31 due late...
- Brokerages turn ‘overweight’ on cement sector
Top two international brokerage firms have upgraded cement stocks citing attractive valuations, easing capacity additions and pick-up in de...
- Have a sell call on ACC, Ambuja: Mangesh Bhadang, Quant Broking
Valuations are definitely high and that is why even ACC and Ambuja, we think, are ‘sell’ from current levels. One should prune one’s positi...