Stock market analyst Rajesh Jain of SMC Global has maintained 'buy' rating on Ambuja Cements Ltd stock to achieve an intra-day target of Rs 121.

According to analyst, the investors can buy the stock with stop loss of Rs 115.

The shares of the company, on June 18, closed at Rs 117.50 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 125.60 and a low of Rs 82 on BSE. Current EPS and P/E ratio of the stock stood at 8.71 & 13.61 respectively.

Ambuja Cements Ltd announced that it sold 1.86 million tonne of cement during the last month, which remained up 13.4% from a year ago.

The company fabricated 1.9 million tonne cement in May, up 16.1% as against the year-ago period.

In Jan-May, the company had sold 9.11 million tonne, which was up by 10.1%, whereas production grew by 10.9% at 9.15 million tonne, from a year ago.

Ambuja Cements Ltd, previously known as Gujarat Ambuja Limited is a major Cement making company in the country.

The Group's major activity is to make and sell cement and clinker for both domestic as well as export markets.