The company enjoys the uptick in maize prices, improving capital allocation, and available production capacity.
While the business has been performing well, the valuations seem equally attractive at current levels considering the long headroom for growth and earnings visibility.
Amongst the four stocks, Sanwaria and GAEL trading at 7.0x and 11.6x one year forward price-earnings multiple offer attractive risk-reward ratio at current valuations
Sunidhi Securities is bullish on Gujarat Ambuja Exports and has recommended buy rating on the stock with a target of Rs 40 in its January 18, 2013 research report.
Sunidhi Securities is bullish on Gujarat Ambuja and has recommended buy rating on the stock with a target of Rs 42 in its June 8, 2011 research report.