HDFC Securities is bullish on Ambuja Cements has recommended buy rating on the stock with a target price of Rs 240 in its research report dated October 19, 2019.
Motilal Oswal sees the EBITDA margin expand by 630 bps YoY to 20 percent and the adjusted PAT rise 61 percent
Net Sales are expected to increase by 2.2 percent Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 2,672.6 crore, according to Kotak.
Emami Cement currently operates three manufacturing facilities at Risda in Madhya Pradesh, Panagrah in West Bengal and Bhabua in Bihar
If the Nifty slips below 10,746, the next support is placed at 10,636. A break below 10,636 will signal a continuation of the decline and may take the index towards 10,450 levels.
Citi has a buy call on Ambuja Cements with a target price at Rs 290 as Q2 EBITDA per tonne was at 7-year high but pricing trumped volumes.
Sales volume declined 8.6 percent to 5.82 million tonnes in Q2, compared to 6.37 million tonnes reported in year-ago.
BofAML said ACC traded at 9.4x CY20 expected EBITDA, which is 11 percent below historical average and Ambuja Cements traded at 9.9x CY20 estimated EBITDA which is in-line with historical average.
Nomura cut the target price for Ambuja Cements to 240 from Rs 295 as it sees may see the lowest volume/earnings growth among largecap peers
Arihant Capital recommended hold rating on Ambuja Cements with a target price of Rs 232 in its research report dated April 30, 2019.
Sakshi Batra does a 3 Point Analysis of the earnings fineprint and the outlook of the company.
Nalanda Securities is bullish on Ambuja Cements recommended buy rating on the stock with a target price of Rs 239 in its research report dated May 01, 2019.
Emkay Global Financial Services expects Ambuja Cements to report volume growth of 4 percent YoY. It remains underweight on Ambuja Cements.
Moneycontrol's Sakshi Batra does a 3 Point Analysis of the fineprint of Ambuja's Q4 results.