Ambuja Cement

Ambuja, ACC report weak results

Ambuja, ACC report weak resultsCement giant Ambuja reported a marginal fall in net profit for the year ended December 2013, despite an impressive quarter-on-quarter increase in December quarter net profit.

Ambuja Cements announced that its net profit increased 49.31 per cent to Rs 316.50 crore in the October to December quarter of 2013, but net profit in the twelve months through December 31 slipped 0.19 per cent to Rs 1294.57 crore.

Public shareholders approve Ambuja-Holcim deal

Public shareholders approve Ambuja-Holcim dealAmbuja Cements has gained public shareholders' for its proposal to buy a 24 per cent stake in Holcim India for Rs 3,500 crore.

The cement giant has just released a statement, claiming that 68.52 per cent of public shareholder voted in favour of its plan to buy the stake in Holcim India. As per available data, 87 per cent of the institutional investors had cast their votes.

Ambuja shares slip on poor quarterly results

Ambuja-CementsShares of Ambuja Cements came under intense pressure in early morning trade on Thursday, a day after the company reported a year-on-year decline of more than 30 per cent in its profit for the June quarter.

The company, on Wednesday, said that its profit slipped 31 per cent year-on-year to Rs 324 crore in the three months ended June 30.

Net sales slipped nearly 9 per cent to Rs 324 crore, while operating margins dropped 700 basis points to 21 per cent year-on-year in the quarter under review.

Nifty Above 6000; Indian Market Follows Global Cues

Nifty Above 6000; Indian Market Follows Global CuesIndian Stock Market followed global stock market trend and continued the upside movement. BSE Sensex was up by 50 points at 19763 and NSE Nifty was above 6000 with a gain of 15 points. US markets closed positive on January 2 with Dow Jones gaining 2.3%, Nasdaq up by 3% and S&P higher by 2.4 per cent.

Among major gainers in today's early trading session were Dr Reddys Labs, Cairn India, Ambuja Cements, BPCL, IDFC, Tata Steel, ACC and Bharti Airtel. Among major losers in today's session were Tata Power, Lupin, PNB and Maruti Suzuki.

Ambuja Cements profits grew 94% in second quarter, estimates

AmbujaAccording to estimates, the profit after tax of Ambuja Cements for the second quarter till September 2012 might have grown 94 per cent to Rs 333 crore.

The company had recorded a profit after tax of from Rs 171.5 crore during the same quarter of the previous year. the net sales is estimated to have grown 20 per cent to Rs 2,170 crore compared to Rs 1,805.1 crore in the second quarter of 2011.

Tata Steel & Tata Motors Gain; Markets Rise 1.2 Per Cent

Tata Steel & Tata Motors Gain; Markets Rise 1.2 Per CentIndian Stock market went higher on Friday with NSE Nifty closing at 5099.85, gaining 56.85 points while BSE Sensex gained 199 points.

Tata Steel gained 3.9 per cent to close the day at Rs 399. Tata Motors gained 3.78% to close at 212. Sterlite Ind and HDFC Bank were among major gainers.

Stocks touching 52-week high include Ambuja Cements, Deccan Cements, Divis Labs, Marico, UltraTech Cement and Wockhardt.

Cement firms considering legal action against fine order

Cement firms considering legal action against fine orderSome the leading cement manufacturers in the country are considering approaching the Competition Appellate Tribunal against the order by the Competition Commission of India that imposed heavy fines on the firms for cartelization.

ACC and Ambuja Cements have stated that they will contest the order by taking their appeal to the Competition Appellate Tribunal. Meanwhile, Aditya Birla group's UltraTech Cement has said that it will look into the matter and take an appropriate action. UltraTech has been slapped with a fine of Rs 1,175 crore.

KRChoksey Recommends Hold Rating on Ambuja Cements

KRChoksey Recommends Hold Rating on Ambuja CementsAccording to reports, KRChoksey recommended hold rating on Ambuja Cements aiming at Rs 140, on the 28th of July 2011, as Ambuja Cement Ltd net revenues was at Rs 2173.3 crore, an increase of 6.1% year on year from Rs 2047 crore in the second quarter of 2010 as well as a rise of 1.5% on a quarterly basis.

Also, the dispatch for the quarter was 5.29 mn tonnes from 5.41 mn tonnes the previous year, which was a fall by 2.2% year on year and a drop of 6.8% on quarterly basis.

Buy Ambuja Cements With A Target Of Rs 134.60

Technical analyst Hitendra Vasudeo is bullish on Ambuja Cements Limited and has maintained 'buy' rating on the stock.

According to the analyst, the interested investors can buy the stock with a target of Rs 134.60.

He said that if the stock market remains positive, the next target for the day will be Rs 139.60.

Mr. Vasudeo said that the stock can be purchased with a stop loss of Rs 129.

The stock of the company, on March 17, closed at Rs 132.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 100 on BSE.

Current EPS & P/E ratio stood at 8.11 and 16.36 respectively.

Short Term Buy Call For Ambuja Cements

Short Term Buy Call For Ambuja CementsTechnical analyst Somil Mehta of Sharekhan maintained 'buy' rating on Ambuja Cements Limited stock with a target of Rs 135.

According to analyst, the investors can buy the stock with a stop loss of Rs 114.

The stock of the company, on February 09, closed at Rs 118.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 100 on BSE.

Current EPS & P/E ratio stood at 8.11 and 14.74 respectively.

Ambuja Cement Result Review by PINC Research

Ambuja Cement Result Review by PINC ResearchAmbuja Cement's (ACEM) operational results for the quarter were broadly inline with our estimates with a PBT of Rs2.6bn. However, a tax write back of Rs371mn as well as a lower tax rate for the year helped the company post a profit of Rs2.6bn well ahead of our estimate of Rs1.7bn. A 15% sequential growth in cement volumes countered a drop in realisations and aided a 25bps expansion in margins to 19.3%.

Short Term Buy Call For Ambuja Cements

Short Term Buy Call For Ambuja CementsTechnical analyst Rajesh Agarwal of Eastern Financiers Ltd maintained 'hold' rating on Ambuja Cements Limited stock with a target of Rs 145.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

Today, the stock of the company opened at Rs 131 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 16.09 respectively.

Buy Ambuja Cements With Stop Loss Of Rs 141

Buy Ambuja Cements With Stop Loss Of Rs 141Technical 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.

Ambuja Cements Intraday Buy Call

Ambuja Cements Intraday Buy Call Stock market analyst Nikita Surekha has maintained 'buy' rating on Ambuja Cements Limited stock to achieve an intra-day target of Rs 152.

Mr. Surekha also said that the stock of the company can be purchased with a stop loss of Rs 141.

The stock of the company, on Nov 23, closed at Rs 143.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 87.65 on BSE.

Current EPS & P/E ratio stood at 8.04 and 18.03 respectively.

Buy Ambuja Cement With Stop Loss Of Rs 120

Buy Ambuja Cement With Stop Loss Of Rs 120Stock market analyst Jatinder Sharma has maintained 'buy' rating on Ambuja Cement Ltd stock with 2-3 day target of Rs 131.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 120.

The stock of the company, on August 31, closed at Rs 125.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 128.20 and a low of Rs 82 on BSE.

Current EPS & P/E ratio stood at 9.14 and 13.53 respectively.

Buy Ambuja Cements With Stop Loss Of Rs 116

Buy Ambuja Cements With Stop Loss Of Rs 116Stock market analyst Kiran Jadhav has maintained 'buy' rating on Ambuja Cements Ltd stock to achieve a target of Rs 140 in 2-4 trading sessions.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 116.

Today, the stock of the company opened at Rs 125.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 126.45 and a low of Rs 82 on BSE.

Current EPS & P/E ratio stood at 9.14 and 13.35 respectively.

Ambuja Cements Ltd was established during late 80s.

Ambuja cement Q1 net profit up by 20.5%

Ambuja cement Q1 net profit up by 20.5%Ambuja cement has informed that its net profit has been raised with a significant hike in the sales figure. The company has announced its first quarter financial results for the fiscal year 2010-11.

Ambuja cement has posted a net profit of Rs 391 crore for the quarter that ended in 30th June, 2010.

The net profit has grown up by 20.5% in the June quarter of the current fiscal against its year ago like period. The company has registered a net profit of Rs 325 crore in the similar quarter in the previous year.

Hold Ambuja Cements With Target Of Rs 123

Hold Ambuja Cements With Target Of Rs 123Stock market analyst Shrikant Chouhan of Kotak Securities has maintained 'hold' rating on Ambuja Cements Ltd stock with target of Rs 123.

According to analyst, the stock has support at Rs 110.

Today, the stock opened at Rs 115 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 9.14 and 12.48 respectively.

The share price has seen a 52-week high of Rs 125.60 and a low of Rs 82 on BSE.

Buy Ambuja Cement With Stop Loss Of Rs 115

Buy Ambuja Cement With Stop Loss Of Rs 115Stock 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.

Automobile, Cement sector leads the way in Q4 amidst margin pressures

Ambuja-Cement-maruti-suzukiBanking on factors like low interest rates and high sales, companies like Ambuja Cement and Maruti Suzuki are clearly leading the pack as far as the results for the Q4 are concerned.

Notably, both the giants have grown at the fastest pace in 18 months, with net profits doubling from a year earlier levels. However, the margin pressures and high input costs are a cause of concern for the automobile and the cement sector going forward.




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