|
29 Sep 2025 |
Ambuja Cements
|
Consensus Share Price Target
|
566.25 |
654.18 |
- |
15.53 |
buy
|
|
|
|
|
01 Feb 2024
|
Ambuja Cements
|
IDBI Capital
|
566.25
|
522.00
|
565.05
(0.21%)
|
Target met |
Sell
|
|
|
|
|
01 Feb 2024
|
Ambuja Cements
|
Axis Direct
|
566.25
|
535.00
|
565.05
(0.21%)
|
Target met |
Hold
|
|
|
We maintain our HOLD recommendation on the stock and roll over our estimate to FY26 as recent appreciation in the stock price leaves us with no upside.
|
|
04 Nov 2023
|
Ambuja Cements
|
BOB Capital Markets Ltd.
|
566.25
|
449.00
|
420.90
(34.53%)
|
Target met |
Hold
|
|
|
Standalone Q2 revenue grew just 8% YoY (-16% QoQ) as net volumes dropped 9% (-18% QoQ)
|
|
02 Nov 2023
|
Ambuja Cements
|
Axis Direct
|
566.25
|
455.00
|
419.70
(34.92%)
|
Target met |
Buy
|
|
|
We change our rating from HOLD to BUY on the recent decline in the stock price.
|
|
02 Nov 2023
|
Ambuja Cements
|
ICICI Securities Limited
|
566.25
|
527.00
|
419.70
(34.92%)
|
Target met |
Buy
|
|
|
Ambuja Cements (ACEM)’s Q2FY24 EBITDA stood in-line with our estimates. Controlled fixed cost (down 4% QoQ) and realisations inching up 0.5% QoQ (1% ahead of estimates) made-up for the weak volumes (up 7% YoY for standalone; mere 2% rise on consolidated-basis) that came in 9% below expectation.
|
|
11 Aug 2023
|
Ambuja Cements
|
Geojit BNP Paribas
|
566.25
|
497.00
|
456.40
(24.07%)
|
Target met |
Hold
|
|
|
|
|
11 Aug 2023
|
Ambuja Cements
|
BOB Capital Markets Ltd.
|
566.25
|
435.00
|
456.40
(24.07%)
|
Target met |
Hold
|
|
|
Q1 consolidated topline grew 9% YoY as volumes increased 9% while realisations stayed flat
|
|
03 Aug 2023
|
Ambuja Cements
|
Axis Direct
|
566.25
|
455.00
|
474.35
(19.37%)
|
Target met |
Hold
|
|
|
Recommendation: We changed our rating from BUY to HOLD as the recent appreciation in stock price leaves us with no upside potential.
|
|
03 Aug 2023
|
Ambuja Cements
|
ICICI Securities Limited
|
566.25
|
443.00
|
460.90
(22.86%)
|
Target met |
Hold
|
|
|
Similar to its subsidiary ACC Ltd, Ambuja Cements (ACEM) has also reported a bumper Q1FY24 performance under the management of Adani Group. EBITDA jumped 39% YoY/20% QoQ, being 23% ahead of our estimate with outperformance across the board.
|
|
19 May 2023
|
Ambuja Cements
|
Geojit BNP Paribas
|
566.25
|
430.00
|
403.15
(40.46%)
|
Target met |
Hold
|
|
|
|