BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on Ambuja Cements
Cost synergies from ACC-Ambuja transaction to be realised fully over the next three years. As demand improves and capacity utilisation bottoms, industry margins should improve but expected margins over FY15-17 are still below mid-cycle levels. Target price of RS 243 is 9 per cent higher than consensus.