BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on Ambuja Cements
Religare maintained "buy" on Ambuja Cements with revised target of Rs 290 compared to Rs 270 earlier. Ambuja cements' net profit of Rs 400 crore was above our estimate of Rs 360 crore on account of 7.5 per cent sequential increase in realisations. We expect the company to benefit from a strong pricing environment in the northern region and see healthy YoY profit growth in the coming quarters.