Ambuja Cements Ltd.    
28 Oct 2020
259.70
2.24%
Geojit BNP Paribas
We remain cautious on cement industry, given ongoing weakness in Infrastructure projects, construction, road and other housing activities and expect slow recovery. Hence, we maintain our HOLD rating on the...
Ambuja Cements Ltd. has an average target of 245.50 from 10 brokers.
Ambuja Cements Ltd.    
26 Oct 2020
259.70
2.24%
buy
Arihant Capital
Ambuja Cement has reported good set of numbers during Q3CY20 with strong volume growth and margin beat. Company has posted a volume growth of 8% YoY//35% QoQ in 3QCY20, owing to pent-up demand and strong recovery in rural market. Revenue for the quarter grew by 9% YoY/31% QoQ, driven by strong volume growth and better pricing. EBITDA during the quarter grew by 55% YoY/14% QoQ to Rs 680 cr, largely due to tight control over fixed cost. EBITDA margin improved sharply to 23.9% during the quarter from 16.8% in Q3CY19. Profit for the...
Number of FIIs/FPIs holding stock rose by 13 to 613 in Sep 2020 qtr.
Ambuja Cements Ltd.    
24 Oct 2020
259.70
2.24%
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Geojit BNP Paribas increased Hold price target of Ambuja Cements Ltd. to 265.0 on 28 Oct, 2020.
Ambuja Cements Ltd.    
23 Oct 2020
259.70
2.24%
Number of FIIs/FPIs holding stock rose by 13 to 613 in Sep 2020 qtr.
Ambuja Cements Ltd.    
23 Oct 2020
259.70
2.24%
buy
Accumulate: Ambuja Cements Ltd.
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Ambuja Cements Ltd. has gained 29.46% in the last 1 Year
Ambuja Cements Ltd.    
23 Oct 2020
259.70
2.24%
Prabhudas Lilladhar
Ambuja Cement (ACEM) delivered strong set of Q3CY20 earnings with 17%/14% beat on our/consensus EBITDA estimates. The beat was primarily driven by steeper than expected reduction in costs. Factoring in lower costs...
Ambuja Cements Ltd. has gained 29.46% in the last 1 Year
Ambuja Cements Ltd.    
22 Oct 2020
259.70
2.24%
Number of FIIs/FPIs holding stock rose by 13 to 613 in Sep 2020 qtr.
Ambuja Cements Ltd.    
27 Jul 2020
259.70
2.24%
buy
Arihant Capital
Ambuja Cement reported a rather better than expected set of numbers in Q2CY20 despite a more than month long lockdown across the country. The standalone revenue stood at Rs 2,177 Cr, down by 27.0% YoY/23.0% QoQ, EBITDA fell by 14.8% YoY/1.3% QoQ to Rs 595 Cr and Net Profits stood at Rs 453 Cr, declining by 10.0% YoY/13.6% QoQ. EBITDA margins improved to 27.3% during the quarter from 21.3% in Q1CY20 and 23.4% in Q2CY19. Sales volume during the quarter de-grew by 29% YoY to 4.19 MT (million tonnes) while realization per tonne increased by 2% YoY. Total operating...
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Ambuja Cements Ltd. has gained 51.30% in the last 6 Months
Ambuja Cements Ltd.    
27 Jul 2020
259.70
2.24%
ICICI Securities Limited
Ambuja Cements surprised positively in Q1CY20. Revenues for the quarter were at | 2828 crore (vs. I-direct estimate of | 2,780 crore), down 3.4% YoY. Sales volume declined 9.6% YoY to 5.77MT (in line with I-direct estimate: 5.73 MT) as business got impacted in March 2020 due to announcement of a nationwide lockdown. Realisations cushioned the revenue fall, growing 6.6% YoY to | 4900/t (vs. I-direct estimate of | 4,849/t) as prices remained elevated in its major markets combined with higher sales of premium products. On the cost front, total costs per tonne remained broadly flat at...
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Geojit BNP Paribas increased Hold price target of Ambuja Cements Ltd. to 265.0 on 28 Oct, 2020.
Ambuja Cements Ltd.    
27 Jul 2020
259.70
2.24%
Nirmal Bang Institutional
First sign of improving efficiency; upgrade to Accumulate Ambuja Cements Ltd (ACEM) has reported extremely good set of numbers yet again for 2QCY20, driven by improvement in operating costs and better realizations. We are positively surprised by the improvement in the companys operating performance after a very long time. The company has reported the highest EBITDA/mt in over a decade at Rs1,421. We are upgrading our recommendation on the stock to Accumulate from Sell as we factor in the improved cost structure and impressive EBITDA growth. Our revised EBITDA estimates for the company are higher by 30.3% and 32.4% for CY20 and CY21, respectively. We have also...
Number of FIIs/FPIs holding stock rose by 13 to 613 in Sep 2020 qtr.