Technical analyst Kunal Saraogi has maintained 'buy' rating on Ambuja Cements Limited stock with a target of Rs 160.

According to analyst, the investors can purchase the stock with a stop loss of Rs 141.

The stock of the company, on December 27, closed at Rs 143.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 98.05 on BSE.

Current EPS & P/E ratio stood at 8.04 and 18 respectively.

Cement giant Ambuja Cements declared that it made 14.37 lakh tonnes during the last month as compared to 15.12 lakh tonnes in the same period of 2009.

The company's despatches remained at 14.16 lakh tonnes in the previous month as against 15.50 lakh tonnes in November 2009.

For the first eleven months, Ambuja's cement fabrication was 183.35 lakh tones from 170.99 lakh tonnes in the corresponding period of 2009.

The company's despatches for the month of November stood at 182.97 lakh tonnes in the first eleven months.

On December 10, 2010, the company has sold 22,13,605 shares of ACC at Rs 1,074.54 on the Bombay Stock Exchange (BSE).