29-06-2025
Ambuja Cements Limited (AMBUJACEM): New Sell Recommendation for This Basic Materials Giant
Kotak Mahindra analyst Sumangal Nevatia maintained a Sell rating on Ambuja Cements Limited (AMBUJACEM – Research Report) on June 27 and set a price target of INR360.00. The company's shares closed last Friday at INR574.95.
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According to TipRanks, Nevatia is a 2-star analyst with an average return of 1.3% and a 50.00% success rate. Nevatia covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd..
Currently, the analyst consensus on Ambuja Cements Limited is a Moderate Buy with an average price target of INR581.20.
Based on Ambuja Cements Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR98.02 billion and a net profit of INR9.56 billion. In comparison, last year the company earned a revenue of INR88.94 billion and had a net profit of INR10.55 billion
