Brokerages Forecast Ambuja Cement Target Price up to ₹700 Following Q4 Results. The debt-free company presents a potentially lucrative long-term investment opportunity for investors.
Cement Stock: A compelling investment opportunity has emerged in Ambuja Cement shares. Following the company's quarterly results, brokerage firms have issued buy recommendations. Furthermore, they have projected a target price of up to ₹700, potentially highly beneficial for long-term investors.
Brokerage Firm Recommendations
Following the March quarter results, several leading brokerage firms maintained their BUY rating on Ambuja Cement shares. Key brokerage firms projected the following target prices:
- Nuvama Institutional Equities: Set a target price of ₹694, representing an approximate 30% upside potential.
- Antique Broking: Projected a target price of ₹595, indicating a potential upside of roughly 11%.
- Motilal Oswal: Provided a target price of ₹620, suggesting a potential upside of 16%.
Ambuja Cement's Q4 Results
Ambuja Cements released its March quarter results, revealing a 9% decline in consolidated net profit. The company's profit for the March quarter stood at ₹956.27 crore, compared to ₹1,050.58 crore in the same quarter of the previous year. Despite this, revenue from operations increased by 11.6% to ₹9,802.47 crore.
Ambuja Cement Stock Performance
Ambuja Cement's stock performance has been relatively subdued over the past year, declining by approximately 12.89%. However, it delivered a remarkable 45.18% return over the past three years. The stock's 52-week high was ₹706.85, currently sitting 24% below that level. Despite this, long-term investment prospects remain promising.
Company Strengths
Ambuja Cement is entirely debt-free, holding cash and cash equivalents of ₹10,125 crore. Furthermore, the company boasts a total net worth of ₹63,800 crore, signifying b financial health.
Ambuja Cement's Investment Strategy
The company is actively pursuing initiatives to enhance profitability and improve operational efficiency. Ambuja Cement's robust balance sheet and debt-free status make it an attractive investment option.
