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HomeINVESTMENT₹677 Share Is Ready To Touch The Level ₹1000?, Nomura Increasing The...

₹677 Share Is Ready To Touch The Level ₹1000?, Nomura Increasing The Rating

Ambuja Cements Shares: Ambuja Cements shares increased by more than 3 percent in trading on Thursday, July 11.

The increase in the shares of the Adani Group’s cement firm is in the wake of the announcement of the rating being upgraded by the foreign brokerage company Nomura.

Brokerage has upgraded its rating to ‘Buy’, keeping in mind the rapid growth of capacity at Ambuja Cements. This upgrade means that brokerage has raised its price target for Ambuja stocks from Rs 500 up to 1000.

This represents an increase of about 56 percent.

Brokerage house mentioned reasons such as Ambuja’s entrance into new markets as well as its higher volume growth than other companies which explains the huge rise in the price of its target.

Ambuja Cements is currently in the process of buying Pena Cement for Rs 10,422 crore. Pena Cement has a capacity of 90 lakh tonnes per year.

Brokerage house stated that the acquisitions are likely to boost Ambuja’s capacity expansion at 14 percent in FY24-26.

As compared to a rate of 6 percent in the sector and 9 percent with UltraTech.

Recent acquisitions by Penna along with Sanghi Industries not only allowed Ambuja to expand its market and make it the third largest cement firm within South India.

Furthermore, these acquisitions have offered Ambuja numerous brownfield options for its huge limestone reserves.

Brokerage stated that it has increased the price of its goal based on Ambuja’s cost-control measures as well as expanded brownfield options.

Ambuja Cements aims to reduce its operating cost per tonne by 300 rupees until the close of FY26.

Additionally, brokerage believes lower heat consumption and a greater share of green power will boost the savings of Ambuja Cements.

In addition, brokerage believes that Ambuja Cements is seeking additional acquisitions that will enhance its market share and increase its growth prospects.

Ambuja Cements share was trading at 678.20 with an increase of 2 percent on the NSE. The shares have increased by around 26.93 percent.

In the past 1 year, the company has provided an average of 60 percent to shareholders.

Ambuja Cements Stock Performance

Current Price₹ 679
52-wk High₹ 707
52-wk Low₹ 404
5 Days Return-0.56%
1 Month Return5.98%

Key Fundamentals Parameters

Market Cap₹ 1,67,283 Cr.
Stock P/E49.6
Book Value₹ 176
Dividend0.29 %
ROCE14.0 %
ROE10.3 %
Face Value₹ 2.00
P/B Value3.85
OPM19.3 %
EPS₹ 16.3
Debt₹ 699 Cr.
Debt to Equity0.02

Ambuja Cements Shareholding Pattern

Promoters Holding
June 202363.20%
Sept 202363.19%
Dec 202363.19%
Mar 202466.74%
June 202470.33%
FII Holding
June 202312.45%
Sept 202311.65%
Dec 202311.88%
Mar 202411.09%
June 20249.90%
DII Holding
June 202314.14%
Sept 202315.26%
Dec 202315.56%
Mar 202414.24%
June 202412.73%
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Govt. Holding
June 20230.26%
Sept 20230.26%
Dec 20230.26%
Mar 20240.23%
June 20240.21%
Public Holding
June 20239.94%
Sept 20239.63%
Dec 20239.10%
Mar 20247.69%
June 20246.85%

Ambuja Cements Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2019₹ 27,104 Cr
2020₹ 24,516 Cr
2021₹ 28,965 Cr
2023₹ 38,937 Cr
2024₹ 33,160 Cr

Last 5 Years’ Net Profit:

2019₹ 2,783 Cr
2020₹ 3,107 Cr
2021₹ 3,711 Cr
2023₹ 3,024 Cr
2024₹ 4,738 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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