NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
We will evaluate Ambuja Cements Ltd. on a consolidated basis from Q1 FY25 onwards to reflect the overall growth trajectory. The stock is currently trading at 19.5 times FY26E enterprise value/Ebitda.
We are upgrading our rating from 'Hold' to 'Buy' on the stock, with a target price of Rs 750 per share, implying an upside of 10% from the current market price.
Key risks to our estimates and target price
Lower realization and demand in its key market and delay in capacity expansion.
Higher input costs may impact margins.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Star Cement - Capacity Expansion To Drive Growth; Outlook Remains Positive: Axis Securities
Sep 17, 2024
Ambuja Cements Weightage On FTSE All-World Index Rises To 32.41%
Aug 27, 2024
Adani Promoter Arm Divests 2.84% Stake In Ambuja Cements For Rs 4,250 Crore
Aug 23, 2024
MapMyIndia Q1 Results Review - Weak Quarter, Outlook Intact Though; Maintaining A Buy: Anand Rathi
Aug 15, 2024
POPULAR