BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA maintains buy on Ambuja Cements
CLSA has maintained 'buy' on Ambuja Cements for target price of Rs 265 per share. It says Ambuja remains a play on cement up cycle and should be a beneficiary of better pricing in the North India. CLSA adds that Ambuja saw a decline in free cash flows & return on equity in CY'15.