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.
But profit and revenue declined nearly 33 percent and 9 percent sequentially, respectively.
"The stock can be bought at current level and on dips to Rs 275 with a stop loss below Rs 264 and a target of Rs 330 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
The overall data is still running negative for the markets and we can see further selling pressure coming into the market which can drag Nifty towards 10100 levels in coming sessions.
The Nifty50 is likely to open flat on Wednesday tracking muted trend seen in other Asian markets.
Tata Motors | TCS | Wipro | HDFC Bank | Lupin | ICICI Bank | Hero Motocorp | Panacea Biotec | Grasim | Wockhardt | NMDC | HCL Technologies | Glenmark | Geometric | Sun Pharma | Trigyn Tech and Bartronics are stocks, which are in the news today.
ICICI Bank | ONGC | Tech Mahindra | Narayana Hrudayalaya | UCO Bank | Asahi Songwon | IFB Industries | Wonderla Holidays | Bajaj Holdings | Bank of Maharashtra | InterGlobe Aviation | Firstsource Solutions | Sobha | Wockhardt | Cadila Healthcare | Infibeam Corporation and Sona Koyo are stocks, which are in the news today.
Tata Motors | Coal India | Bharat Forge | Adani Ports | Axis Bank | DLF | Jindal Steel | Power Grid | Wockhardt | Royal Orchid | Asian Oilfield | Mandhana Retail | Scanpoint Geomatics | Bajaj Electricals | Omkar Speciality | HCC | Kaveri Seed | Pratibha Industries | Bombay Rayon are stocks, which are in the news today.
The company's board meeting will be held on December 13, to consider the proposal for buyback of the fully paid-up equity shares of the company.
Tata Steel | Adani Ports | Divis Labs | Crompton Greaves | Prestige Estates | PNC Infra | Polaris | Phoenix Mills | Gujarat Ambuja Exports | eClerx | Escorts | Gujarat Industries Power | HPCL | IOC | BPCL | IVRCL and Hindustan Zinc are stocks, which are in the news today.
Sameet Chavan of Angel Broking is of the view that one may buy TVS Motor with a target of Rs 322.
Aashish Tater of FortuneWizard.com is of the view that Shree Cements is the top bet and expects a rise by Rs 2000.
Shahina Mukadam, Independent Market Expert advises buying Zee Media Corporation with a target of Rs 24.
Dilip Bhat says the demand and interest in midcap stocks is rather good. With the way the frontline stocks have moved up, everyone is looking for good value, he adds. According to him, since the market is in a multi-year bull run, midcaps will do well, especially on a long-term basis.
Gujarat Ambuja Exports has reported a sales standalone turnover of Rs 1,130.90 crore and a net profit of Rs 42.13 crore for the quarter ended Dec '13
Gujarat Ambuja Exports has reported a sales standalone turnover of Rs 570.09 crore and a net profit of Rs 10.56 crore for the quarter ended Sep '13
Gujarat Ambuja Exports has reported a sales standalone turnover of Rs 528.71 crore and a net profit of Rs 10.90 crore for the quarter ended Jun '13
Gujarat Ambuja Exports has reported a sales standalone turnover of Rs 1,034.71 crore and a net profit of Rs 34.69 crore for the quarter ended Dec '12
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.
Gujarat Ambuja Exports rose 0.97 percent to close at Rs 26 amid large volumes on the Bombay Stock Exchange after commencement of commercial production of maize processing unit in the state of Karnataka.