October 23, Ambuja Cement witnessed the price after the September Quarter earnings was rs 256. the price also saw a profit because of that.
After the September Quarter ended the company said there was an 8.7 per cent jump in year to year basis.
Check out Ambuja Cement Share Price
Let’s see what brokerages have to say:
Dolat Capital: Twenty-six per cent run-up in the past few months in the stock price was the average estimates.
Jefferies: Their target is Rs 330 from Rs 300 and this will happen when the project of north expansion will take place.
Morgan Stanley: He believes in the company and knows there will be profits and a positive response so the overall target id Rs 266.
CLSA: The quarter 3 estimates believe that Ambuja will also give surprisingly good results related to price and volume.
Overall target is Rs 285 to Rs 260.
Prabhudas Llladher: He believes in company strong performance and knows the company will be back with a blast.
The reasons for this are the high share of price and volume, logistics efficiencies, sustainable cut in some of the areas.
The broking house is very much confident related to the company and the share price related to the company.
There will be a little variation in work culture as new capacities will be opened in Jharkhand and Rajasthan.
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