Arihant Capital recommended hold rating on Ambuja Cement with a target price of Rs 266 in its research report dated May 03, 2017.
ICICI Direct is bullish on Ambuja Cement has recommended buy rating on the stock with a target price of Rs 280 in its research report dated May 02, 2017.
Motilal Oswal is bullish on Ambuja Cements has recommended buy rating on the stock with a target price of Rs 283 in its research report dated April 28, 2017.
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The EBITDA came at Rs 393. 7 crore, down 12.9 percent from Rs 451.9 crore year on year. Meanwhile, the EBITDA margin was also reported at 15.4 percent against 18.6 percent year on year.
Net Sales are expected to increase by 18.4 percent Q-o-Q (up 7.6 percent Y-o-Y) to Rs 2600 crore, according to HDFC Securities. Ambuja Cement to report net profit at 340 crore up 83.3% quarter-on-quarter.
Net Sales are expected to increase by 16.5 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs 2559.4 crore, according to Motilal Oswal. Ambuja Cement to report net profit at 212.2 crore up 14.3% quarter-on-quarter.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can climb to Rs 234 while Britannia Industries may test Rs 3175.
The broader markets outperformed benchmarks as the Nifty Midcap ended at record closing high, up around a percent. Market breadth was also in favour of advances as two shares gained for every share falling on the NSE.
Prabhudas Lilladher is bullish on Ambuja Cement has recommended accumulate rating on the stock with a target price of Rs 240 in its research report dated April 28, 2016.
Religare is bullish on Ambuja Cement and has recommended buy rating on the stock with a target of Rs 230 in its October 28, 2015 research report.
Amit Trivedi, Co-Founder of Investworks.in advises buying Ambuja Cement 190 Strike Put and selling two 180 strike puts.
The company trades at EV/tn of USD 60. With monsoon coming to an end and cement prices likely to have bottomed out, this may be the right time for JK Lakshmi Cement.
VK Sharma of HDFC Securities believes that market may see lower levels than the current levels. He said that, "I would start building bearish positions in the Nifty in case we were to see a close below 5,870".
According to Anil Singhvi, the Holcim-Ambuja merger is nothing short of a fraud played out on the minority share holders in India.
3M India | Andhra Paper Paper Mills | Coromandel International | SpiceJet | L&T | CRISIL | Adhunik Metaliks | Diamond Power | Best Eastern | Jet Airways | Tata Motors | Hero MotoCorp | YES Bank and Dabur are stocks, which are in the news today.
SP Tulsian of sptulsian.com is cautious on Ambuja Cements and ACC. He expects flat kind of numbers, but maybe slight shrinkage on the sequential basis on the bottomline, he adds.
There is big gap down, the fact that Nifty is 100 points down from the highs could simply be a choppy market. If we are unable to recover then we will say the pullback is over and the downtrend has resumed, technical analyst, Sudarshan Sukhani, s2analytics.com said.
One may not buy Ambuja Cement as cement by itself was not suggesting any big rally, feels Sudarshan Sukhani of s2analytics.com.
SP Tulsian of sptulsian.com advises to go long on Ambuja Cement and HDFC.
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Bank Nifty, which has rallied more than 4 percent may be a bit laidback this week, feels Sudarshan Sukhani of s2analytics.com
V Srinivasan from Angel Broking advised to accumulate ACC shares keeping target price at Rs 1361 and among mid caps cement stocks he prefers JK Laksmi Cement.
ACC's March quarter (Q1CY13) profit is likely to climb more than two fold to Rs 325 crore year-on-year, despite marginal recovery in demand, states a CNBC-TV18 poll.
Technical analyst, Sudarshan Sukhani, s2analytics.com warns that May will be a different from April and this momentum will not continuing in the same force, which suggests that market is likely to be choppy.