Buy Gujarat Ambuja Cement

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Ashish Kapoor, CEO of Investshoppe is of the view that one can buy more Gujarat Ambuja Cement at current levels.

Kapoor told CNBC-TV18, "Gujarat Ambuja Cement is one of the very easy counters to put a buy on and Rs 150 is the target that should be achieved in the near or medium term. The real-estate sector is really booming here, there has been lot of aggressive acquisition of land by real estate developers. This should automatically lead to a great demand for construction in 2007, which should auger very well for a company like Gujrat Ambuja."

He further added, "They are the most efficient players, low cost cement producers in this country. So very easy to expect good growth in their profits as well as revenues, they are in the midst to expanding capacity. Rs 950 crore expansion underway which should by 2009 augment their cement capacity in a very significant way. A very good safe counter, one can easily buy more at these levels also."

Disclosure: Lot of his clients, associates would be having position in Gujarat Ambuja, BEML, S Kumar, ITC.