Ambuja Cements Slips The Most In Nearly Three Weeks

Shares of Ambuja Cements Ltd. fell over 4%, the most in nearly three weeks after the company reported a decline in net profit in the quarter ended December.

December quarter earnings (Standalone, YoY)

  • Net profit down 49% at Rs 251.66 crore
  • Revenue up 6.3% at Rs 3,735.12 crore
  • Total costs up 16% at Rs 3,362.21 crore
  • Other income down 16% at Rs 33.23 crore
  • Ebitda down 16% at Rs 568 crore
  • Dividend per share at Rs. 6.30

Company expects cement demand growth to be positive aided by increased demand for housing combined with government’s thrust on infrastructure development.

  • Firm approved in principle investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7 million tonnes.
  • Of the 45 analysts tracking the company, 32 maintain ‘buy’, eight recommend ‘hold’ and five recommend ‘sell’. The overall consensus price of analysts tracked by Bloomberg implies an upside of 19.9%.
  • Trading volume on the stock was 7.5 times the 30-day average volume at this time of the day.

Source: Exchange Filing, Bloomberg

सोशल मीडिया अपडेट्स के लिए हमें
Facebook (
https://www.facebook.com/goldsilverreports/ )
linkedin (
https://www.linkedin.com/in/nealbhai/ )
 
और Twitter ( https://twitter.com/goldsilverrepor ) पर फॉलो करें।

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से MCX CHANNEL को JOIN कर लो (NEAL BHAI REPORTS)
JOIN US CLICK HERE

EQUITY CHANNEL को JOIN कर लो (EQUITY FREE TIPS)
JOIN US CLICK HERE

Spread the love

Educating people by helping them understand the benefits of precious metals as part of their portfolios.

Leave a Comment