Motilal Oswal is recommending buying Ambuja Cements, with a target price of Rs 800. The stock is currently trading at Rs 672.
About Ambuja Cements:
- Founded in 1981
- Market cap: Rs 166,149.99 crore
- Sector: Cement
- Main Revenue Sources:
- Cement
- Other Operating Revenue
- Scrap
Financial Performance: For the quarter ending 30-06-2024:
- Total Income: Rs 8,666.20 crore (down 5.05% from Rs 9,127.45 crore last quarter, and down 3.45% from Rs 8,976.14 crore a year ago)
- Net Profit: Rs 786.24 crore
Ownership Breakdown:
- Promoters: 70.33%
- Foreign Institutional Investors (FIIs): 9.59%
- Domestic Institutional Investors (DIIs): 13.03%
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