Ambuja cements share price: Buy Ambuja Cements, target price Rs 283: Emkay Global

Emkay Global has buy call on Ambuja Cements with a target price of Rs 283. The current market price of Ambuja Cements Ltd. is Rs 246.75.

Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 49462.42 Crore) operating in Cement sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 6169.47 Crore, up 32.84 % from last quarter Sales of Rs 4644.17 Crore and up 1.51 % from last year same quarter Sales of Rs 6077.62 Crore Company reported net profit after tax of Rs 800.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.3 per cent stake in the company as of Sept 30, 2020, while FIIs held 16.8 per cent, DIIs 13.3 and public and others 6.6 per cent.

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