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Neutral Ambuja Cements Ltd For Target Rs.450 - Motilal Oswal Financial Services Ltd Capacity expansion of 14mtpa to be completed in the next 24 months * ACEM reported significantly higher EBITDA (23% above our estimate), led by strong volume growth and increased cost-reduction measures. EBITDA grew 39% YoY to INR9.5b (est. INR7.7b). EBITDA/t stood at INR1,045 (vs. est. INR984) and OPM surged 3pp YoY to 20% (est. 18.6%). Adj. PAT was down ~28% YoY, due to dividend income from ACC in the same quarter previous year. * The management reiterated its expansion plan of doubli...
Neutral Ambuja Cements Ltd For Target Rs.450 - Motilal Oswal Financial Services Ltd
Neutral Ambuja Cements Ltd For Target Rs.450 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
4/08/2023 10:00:53 AM
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake Shares of cement maker Sanghi Industries rose as much as 5% to a more than five-year high on Wednesday on news that Adani-owned Ambuja Cements had reached a deal to buy a majority stake in the company's operations. The deal by Ambuja is likely to be announced on Wednesday, two sources with direct knowledge of the matter told Reuters. The deal was signed by considering Sanghi's enterprise value at 60 billion rupees ($728.20 million), one of the sources said. Sanghi's stock...
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
Source: Reuters
2/08/2023 11:08:45 AM
India`s Adani to continue using ACC, Ambuja brands; `no plans to merge` cement units India's Adani Group will continue to use its ACC and Ambuja cement brands to sell cement products and has no plans to merge the two entities, Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. The group became India's second-largest cement producer in 2022, behind UltraTech Cement, with its $10.5 billion acquisition of both Ambuja Cements and ACC from Switzerland's Holcim. Media reports had said earlier this year that the Ada...
India`s Adani to continue using ACC, Ambuja brands; `no plans to merge` cement units
India`s Adani to continue using ACC, Ambuja brands; `no plans to merge` cement units
Source: Reuters
20/07/2023 3:19:14 PM
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News India's Adani Group is in talks with lenders to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, Bloomberg News reported on Tuesday, citing people familiar with the matter. The group is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, the report added. Adani Group did not immediately respond to Reuters' request for comment.
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News
Source: Reuters
13/06/2023 5:25:32 PM
India`s Adani Group completes $2.65 billion deleveraging program  Indian ports-to-power conglomerate Adani Group has completed a $2.65 billion deleveraging program, it said on Monday in its credit update for fiscal 2023. The group's shares have lost more than $110 billion in value since January, when U.S. short-seller Hindenburg Research alleged it had indulged in stock manipulation and improper use of tax havens, and flagged concerns over its debt levels. Adani Group at the time called the report baseless and termed the allegations "un...
India`s Adani Group completes $2.65 billion deleveraging program
India`s Adani Group completes $2.65 billion deleveraging program
Source: Reuters
6/06/2023 9:08:43 AM
LKP Spade : Ambuja Cement Ltd For Target Rs. 441/461- LKP Securities   * The stock has experienced a significant consolidation breakout on the daily chart, indicating a potential upward movement. * The price has been consistently staying above the 50-day moving average (50DMA), which suggests a positive trend. * Additionally, the relative strength index (RSI) has displayed a bullish crossover on the daily chart, further indicating a favorable outlook. * On the higher end, there is a possibility for the stock to reach a level around 461. * H...
LKP Spade : Ambuja Cement Ltd For Target Rs. 441/461- LKP Securities
LKP Spade : Ambuja Cement Ltd For Target Rs. 441/461- LKP Securities
Source: LKP Securities Ltd
22/05/2023 4:37:13 PM
India`s Ramco Cements posts near-23% rise in Q4 profit Ramco Cements Ltd reported a near-23% rise in fourth-quarter profit on Thursday on a boost in Indian infrastructure spending. The Chennai, Tamil Nadu-based cement maker's profit after taxes rose to 1.52 billion rupees ($18.6 million) in the three months ended March 31, from 1.24 billion rupees a year earlier, according to an exchange filing. Analysts, on average, expected a drop in profit to 941.9 million rupees, according to Refinitiv IBES data. Domestic demand for cement was st...
India`s Ramco Cements posts near-23% rise in Q4 profit
India`s Ramco Cements posts near-23% rise in Q4 profit
Source: Reuters
18/05/2023 4:25:16 PM
Adani-owned Ambuja Cements to expand production capacity by 14 million tonnes  Adani Group-owned Ambuja Cements Ltd said on Friday it would expand its blended cement production capacity by 14 million metric tonnes, as part of a previously announced plan to double capacity over five years. Ambuja placed orders to expand clinker capacity by 8 million tonnes at two units that would operate on green power or renewable energy, and help increase production of blended green cement by 14 million tonnes, it said in a stock exchange filing. The projects are expected t...
Adani-owned Ambuja Cements to expand production capacity by 14 million tonnes
Adani-owned Ambuja Cements to expand production capacity by 14 million tonnes
Source: Reuters
12/05/2023 3:42:04 PM
Hold Ambuja Cements Ltd For Target Rs.415 - Emkay Global Financial Services In-line quarter For standalone Jan-Mar 2023 quarter (Q5FY23), Ambuja Cement’s (Ambuja) EBITDA stood flat YoY and increased 23% QoQ to Rs7.9bn, in-line with our estimates. EBITDA/ton declined 8% YoY and increased 18% QoQ to Rs977 (Emkay Est.: Rs990). Management has reiterated its key focus areas: i) doubling of capacity from ~68mt to 140mt in five years; ii) Rs300-400/ton improvement in FY24 EBITDA by optimizing manufacturing and logistics cost; and iii) enhancing sales and marketing ...
Hold Ambuja Cements Ltd For Target Rs.415 - Emkay Global Financial Services
Hold Ambuja Cements Ltd For Target Rs.415 - Emkay Global Financial Services
Source: Emkay Global Financial Services
9/05/2023 11:05:33 AM
Buy Ambuja Cements Ltd For Target Rs.660 - Yes Securities Result Synopsis Ambuja Cements (ACEM) performance came as anticipated, Volume & NSR growth of 8% & flat y/y translates in revenue growth of 8% y/y to Rs42.6bn (v/s YSECe of Rs43bn). EBITDA came at Rs7.9bn (flat y/y) translates to Rs973/te against YSECe of Rs938/te). Reported PAT came at Rs5bn up by 2% y/y on account of higher other income (dividend from ACC) and exceptional items (Restructuring cost). For FY23, ACEM reported exceptional item of Rs1.62bn (includes Rs206mn as special...
Buy Ambuja Cements Ltd For Target Rs.660 - Yes Securities
Buy Ambuja Cements Ltd For Target Rs.660 - Yes Securities
Source: Yes Securities Ltd
4/05/2023 2:21:02 PM
Neutral Ambuja Cements Ltd For Target Rs.390 - Motilal Oswal Financial Services Ltd Targets cost reduction of INR300-400/t in FY24 * ACEM’s operating performance in the Jan-Mar’23 quarter was in line with our estimates, with EBITDA at INR7.9b (est. INR7.8b) and EBITDA/t at INR977 (est. INR951). Higher other income and a lower tax rate led to a ~21% beat in adjusted PAT at INR5.6b. * The management aims to double the grinding capacity to 140mtpa in the next five years and has outlined the first phase of expansion of ~11mtpa (orders will be placed in the near...
Neutral Ambuja Cements Ltd For Target Rs.390 - Motilal Oswal Financial Services Ltd
Neutral Ambuja Cements Ltd For Target Rs.390 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
3/05/2023 11:21:34 AM
Ambuja Cements rises after it declared as `Preferred bidder` for Uskalvagu limestone block project in Odisha Ambuja Cements is currently trading at Rs. 348.30, up by 3.70 points or 1.07% from its previous closing of Rs. 344.60 on the BSE. The scrip opened at Rs. 352.00 and has touched a high and low of Rs. 354.25 and Rs. 346.35 respectively. So far 301998 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.15 on 09-Dec-2022 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements rises after it declared as `Preferred bidder` for Uskalvagu limestone block project in Odisha
Ambuja Cements rises after it declared as `Preferred bidder` for Uskalvagu limestone block project in Odisha
Source: Accord Fintech
16/02/2023 11:32:56 AM
Add The Ambuja Cement Ltd For Target Rs. 434 - Yes Securities Focused efforts towards efficiencies to bridge valuation gap with leaders   Result Synopsis Ambuja Cements (ACEM) reported a volume & NSR growth of 8% & 3% y/y translates in revenue growth of 11% y/y to Rs41.3bn (v/s YSECe of Rs40.8bn). EBITDA came in at Rs6.3bn up by 10% y/y with EBITDA Rs813/te (17% above YSECe) aided by muted cost/te up by 2% y/y (7% lower than YSECe). Reported PAT came in at Rs3.7bn (v/s Rs2.7bn YSECe) up by 47% y/y owing to substantial increase in...
Add The Ambuja Cement Ltd For Target Rs. 434 - Yes Securities
Add The Ambuja Cement Ltd For Target Rs. 434 - Yes Securities
Source: Yes Securities Ltd
10/02/2023 11:47:32 AM
Ambuja Cements soars on reporting 13% rise in Q4 consolidated net profit Ambuja Cements is currently trading at Rs. 391.35, up by 7.65 points or 1.99% from its previous closing of Rs. 383.70 on the BSE. The scrip opened at Rs. 394.30 and has touched a high and low of Rs. 397.55 and Rs. 388.85 respectively. So far 184652 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.15 on 09-Dec-2022 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements soars on reporting 13% rise in Q4 consolidated net profit
Ambuja Cements soars on reporting 13% rise in Q4 consolidated net profit
Source: Accord Fintech
8/02/2023 10:01:06 AM
India's Adani-owned Ambuja Cements' Q3 profit jumps on lower fuel costs India's Ambuja Cements Ltd, owned by the embattled Adani Group, reported a 46% jump in quarterly profit on Tuesday as fuel costs fell and demand rose, and said its parent was considering engaging independent agencies to handle compliance. The management of Adani group entities is considering appointing independent firms to "look into the issues and compliance of applicable laws and regulations, related party transactions, internal controls etc," Ambuja said. Ambu...
India's Adani-owned Ambuja Cements' Q3 profit jumps on lower fuel costs
India's Adani-owned Ambuja Cements' Q3 profit jumps on lower fuel costs
Source: Reuters
7/02/2023 4:58:36 PM
Ambuja Cements inches up on incorporating wholly owned subsidiary Ambuja Cements is currently trading at Rs. 526.00, up by 0.95 points or 0.18% from its previous closing of Rs. 523.75 on the BSE. The scrip opened at Rs. 526.00 and has touched a high and low of Rs. 527.50 and Rs. 523.75 respectively. So far 26842 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.15 on 09-Dec-2022 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at ...
Ambuja Cements inches up on incorporating wholly owned subsidiary
Ambuja Cements inches up on incorporating wholly owned subsidiary
Source: Accord Fintech
6/01/2023 9:50:33 AM
Buy Ambuja Cements Ltd For Target Rs.660 - ICICI Direct Technical Outlook • Nifty Infra index hit the new high last month after 13 month’s consolidation and Ambuja has been key outperformer, with high relative strength • Key observation has been that stock has given strong breakout in September from large rounding bottom and now placed on the cusp of past two month’s consolidation signalling inherent strength and provides entry opportunity • We expect the stock price to extend its bull trend and head towards | 6...
Buy Ambuja Cements Ltd For Target Rs.660 - ICICI Direct
Buy Ambuja Cements Ltd For Target Rs.660 - ICICI Direct
Source: ICICI Direct Ltd
20/12/2022 12:53:00 PM
Ambuja Cements rises on the BSE Ambuja Cements is currently trading at Rs. 585.65, up by 1.40 points or 0.24% from its previous closing of Rs. 584.25 on the BSE. The scrip opened at Rs. 585.40 and has touched a high and low of Rs. 589.30 and Rs. 584.30 respectively. So far 19246 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.15 on 09-Dec-2022 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at ...
Ambuja Cements rises on the BSE
Ambuja Cements rises on the BSE
Source: Accord Fintech
14/12/2022 11:36:42 AM
Stock Picks - Ambuja Cement Ltd And Power Finance Corporation Ltd By ICICI Direct Ambuja Cement Ltd Buy Ambuja Cement Ltd @ 589.00-591.00 CMP 587.75 Stop Loss 584.50 Target 595.30/600.80   Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @ 145.00-145.50 CMP 144.55 Stop Loss 143.70 Target 146.60/148.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Regi...
Stock Picks - Ambuja Cement Ltd And Power Finance Corporation Ltd By ICICI Direct
Stock Picks - Ambuja Cement Ltd And Power Finance Corporation Ltd By ICICI Direct
Source: ICICI Direct Ltd
9/12/2022 11:02:19 AM
Cement makers plan to hike price by Rs 10-15/bag in December The price of cement is hardening across the country and since August this year, the rates have gone up by Rs 16/per bag, said Emkay Global Financial Services Ltd. According to a report by the company, in November the prices went up by about Rs 6-7/bag. While the prices remained flat in Western and Central parts of the country, the rates hardened in Northern, Eastern and Southern regions, Emkay Global said. According to the report, the cement companies are attempting further price hik...
Cement makers plan to hike price by Rs 10-15/bag in December
Cement makers plan to hike price by Rs 10-15/bag in December
Source: IANS
6/12/2022 12:56:00 PM
Stock Picks - Ambuja Cement Ltd And Tata Steel Ltd By ICICI Direct Ambuja Cement Ltd Buy Ambuja Cement Ltd @ 579-581 CMP 580.95 Stop Loss 574.90 Target 584.80/589.50   Tata Steel Ltd Buy Tata Steel Ltd @ 110.50-111.00 CMP 110.75 Stop Loss 109.40 Target 112.00/113.20   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 ...
Stock Picks - Ambuja Cement Ltd And Tata Steel Ltd By ICICI Direct
Stock Picks - Ambuja Cement Ltd And Tata Steel Ltd By ICICI Direct
Source: ICICI Direct Ltd
2/12/2022 11:07:36 AM
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities Ambuja Cements Ltd • On the weekly time frame Ambuja Cement has decisively broken out above “pennant” pattern. Pattern is formed after a sharp rally from 350 level. • Break out after a “pennant” pattern signifies continuation of previous rally. • This breakout is accompanied with rising volume, which normally dried up during “pennant” pattern formation • The weekly strength indicator RSI is in The daily and weekly streng...
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities
Source: Axis Securities Ltd
7/11/2022 12:10:46 PM
Large Cap : Reduce Ambuja Cements Limited For Target Rs. 485 - Geojit Financial Services Decent topline growth; profit tanks Ambuja Cements Ltd (ACEM) is a leading cement company in India. It is the building materials arm of the diversified Adani Group. The company currently has a cement capacity of ~31.5 million tons (MT). * Revenue grew 7.5% YoY to Rs. 7,143cr in Q3FY23, led by robust cement volume growth. * EBITDA margin contracted by 1660bps YoY to 4.7% owing to a sharp rise in fuel costs. Q3FY23 adjusted PAT plunged 81.3% YoY to Rs. 125cr.  * ACEM reported a...
Large Cap : Reduce Ambuja Cements Limited For Target Rs. 485 - Geojit Financial Services
Large Cap : Reduce Ambuja Cements Limited For Target Rs. 485 - Geojit Financial Services
Source: Geojit Financial Services Ltd
4/11/2022 3:06:16 PM
Hold Ambuja Cements Ltd For Target Rs.480 - Emkay Global Financial Services Cost-pressure impacts margins; fairly valued on organic growth outlook Ambuja’s standalone Q3CY22 EBITDA declined 56-57% YoY and QoQ to Rs3bn, coming in 32% below our estimate of Rs4.5bn (Consensus Est: Rs4.7bn). Accordingly, EBITDA/ton declined 62% YoY and 53% QoQ to Rs432 (Emkay Est: Rs670). The Board of Ambuja recently approved a fund-raise of Rs200bn through preferential allotment of warrants (conversion price: Rs419/sh) to promoter group companies, thus increasing the credibilit...
Hold Ambuja Cements Ltd For Target Rs.480 - Emkay Global Financial Services
Hold Ambuja Cements Ltd For Target Rs.480 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
27/10/2022 1:30:33 PM
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services Expansion and cost saving plans are a key monitorable EBITDA/t declines to a multi-year low on continued cost pressure * ACEM’s performance was impacted by continued cost pressures. EBITDA stood at INR3b (est. INR4.1b). EBITDA/t stood at INR433 (est. INR594) – the lowest after Dec’04, as OPEX/t came in 2% above our estimate due to a sharp rise in other expense. Adjusted PAT fell 65% YoY to INR1.5b (est. INR1.9b). * We have adjusted our estimates to account for ...
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
26/10/2022 12:01:15 PM
Diwali Muhurat Technical Picks: Underlying Strategy By Axis Securities We have handpicked a few stocks for buying this Diwali that have given breakouts and showing strong accumulation patterns on the medium and longer-term charts. We have covered Large Caps as well as Mid Cap stocks that have performed in line with the market trend over the last one year and are now trading above their breakout levels. A few of them are at their major support levels. We advise accumulating these stocks in the recommended buying range to cover the downside risks and corrections i...
Diwali Muhurat Technical Picks: Underlying Strategy By Axis Securities
Diwali Muhurat Technical Picks: Underlying Strategy By Axis Securities
Source: Axis Securities Ltd
21/10/2022 10:32:51 AM
Key Stock News: HCLTech, HUL, Morgan Stanley, Ambuja Cements, Dabur, Suzlon Energy - ARETE Securities Key News HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs HCLTech on Saturday announced plans to scale up its operations in Mexico by opening a new technology centre in Guadalajara city and hiring 1300 employees over the next two years amid concerns over high attrition levels. The new centre in Guadalaraja will enable the company to serve its local and international client base across industries. It will be the sixth technology centre in Mexico and will focus ...
Key Stock News: HCLTech, HUL, Morgan Stanley, Ambuja Cements, Dabur, Suzlon Energy - ARETE Securities
Key Stock News: HCLTech, HUL, Morgan Stanley, Ambuja Cements, Dabur, Suzlon Energy - ARETE Securities
Source: ARETE Securities Ltd
10/10/2022 9:34:17 AM
Rajasthan attracts huge investments, emerging as business hub of country It's raining investments in Rajasthan which is sure to turn the desert state into a business hub of the nation. Top industrialists of the country were in Jaipur recently during the Invest Rajasthan summit which paved the way for the state to emerge as a leader in the renewable energy segment, cement manufacturing, sports, fintech and much more. Gautam Adani, chairman of the Adani group, shared how the state should get the credit for accommodating the world's largest wind-solar h...
Rajasthan attracts huge investments, emerging as business hub of country
Rajasthan attracts huge investments, emerging as business hub of country
Source: IANS
9/10/2022 9:23:07 AM
India's Adani Group to invest $8 billion in Rajasthan over five-seven years  India's Adani Group will invest 650 billion Indian rupees ($7.9 billion) in the northern Indian state of Rajasthan over the next five to seven years, its founder, and Asia's richest man, Gautam Adani said on Friday. Adani said late last month his company would invest more than $100 billion over the next decade, most of it in the energy transition business. The ports-to-energy conglomerate will invest in the renewables business, cement manufacturing, expanding an airport an...
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
Source: Reuters
7/10/2022 5:34:20 PM
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities Hindustan Copper shareholders approve 23.2% dividend for FY22 Shareholders of state-owned Hindustan Copper Ltd (HCL) on Wednesday approved a 23.2 per cent dividend for the financial year ended in March 2022. The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting, HCL said in a statement. SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot me...
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities
Source: ARETE Securities Ltd
29/09/2022 9:48:49 AM
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion  India's Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the conglomerate controlled by billionaire Gautam Adani completed purchase of stakes in those businesses from Switzerland's Holcim. The agreement will be in the form of a non-disposal undertaking, under which Adani will not be able to offload the shares until the lender agrees that the debt is paid. The encumbered shares of ACC and Ambuja were worth around 989.46 billion indian...
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
Source: Reuters
21/09/2022 10:56:54 AM
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services Fund raising signals the intent of capacity additions Issues warrants to promoters aggregating INR200b * ACEM has announced the issuance of warrants to Harmonia Trade and Investment (promoter entity) on a preferential basis, at INR418.87/warrant, aggregating to INR200b. * These warrants can be exercised and converted into equity shares in one or more tranches within 18 months. This signals the promoters’ intent towards growth and commitment for further investments in the Cement...
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services
Neutral Ambuja Cements Ltd For Target Rs.530 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/09/2022 10:08:48 AM
Hold Ambuja Cements Ltd For Target Rs. 530 - Emkay Global Financial Services Fairly valued on upgraded organic growth outlook Adani group’s acquisition of Holcim’s stake in ACC/Ambuja has boosted growth expectations, and led to ~25%/65% re-rating in EV/EBITDA valuations of ACC/Ambuja vs. their last 5 years’ average. Additionally, on Friday (16th Sep), Ambuja Board has approved fund raising of Rs200bn through preferential allotment of warrants (conversion price: Rs419/sh) to promoter group companies, increase the credibility of 140mt cement capacit...
Hold Ambuja Cements Ltd For Target Rs. 530 - Emkay Global Financial Services
Hold Ambuja Cements Ltd For Target Rs. 530 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
19/09/2022 3:37:20 PM
India's Ambuja Cements touches record high as Gautam Adani appointed chairman Shares of Ambuja Cements rose nearly 10% to an all-time high on Monday after Indian billionaire Gautam Adani took over as chairman of the company, following Adani Group's takeover. Gautam Adani, with a net worth of $154.2 billion, is currently ranked third-richest in the world, behind tycoons Elon Musk and Bernard Arnault, according to Forbes. On Friday, Ambuja said that it was looking to raise 200 billion rupees ($2.51 billion) through an issue of convertible warrants to an Adani G...
India's Ambuja Cements touches record high as Gautam Adani appointed chairman
India's Ambuja Cements touches record high as Gautam Adani appointed chairman
Source: Reuters
19/09/2022 11:59:02 AM
Adani becomes India's second largest cement player The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by Adani, and also India&#...
Adani becomes India's second largest cement player
Adani becomes India's second largest cement player
Source: IANS
17/09/2022 9:26:38 AM
Buy Ambuja Cements Ltd For Target Rs.424- Centrum Broking Ltd Fuel costs dents profitability Ambuja Cement (ACEM) reported in-line standalone EBITDA of Rs6.8bn, (CentrumE: Rs6.6bn), though down 13% QoQ/ down 29% YoY and blended EBITDA/t of Rs926, down 12% QoQ/ down 38% YoY. The sequential decrease in EBITDA was primarily due to higher power & fuel cost and freight cost partially offset by increase in cement realisation. Thermal coal prices are holding high leading to further increase in cost and with lower demand amid monsoon, profitability is ex...
Buy Ambuja Cements Ltd For Target Rs.424- Centrum Broking Ltd
Buy Ambuja Cements Ltd For Target Rs.424- Centrum Broking Ltd
Source: Centrum Broking Ltd
23/08/2022 11:00:42 AM
Neutral Ambuja Cements Ltd For Target Rs.390 - Yes Securities Rising fuel cost headwind to potential earnings Result Synopsis Ambuja Cements (ACEM) reported EBITDA/te of Rs926 (v/s YSEC est. of Rs995) declined by 12% q/q, was largely due to the substantial increase in power cost/te by Rs410 q/q (Rs558 y/y) to Rs1786/te in Q2CY22. Due to inflated power cost (+30% q/q) along with freight (+6% q/q) & other exp (+10% q/q), the total cost inched up  by +7% q/q (+19% y/y) in Q2CY22, while abrupt decline in RM cost by 39% q/q (+60% y/y) cushio...
Neutral Ambuja Cements Ltd For Target Rs.390 - Yes Securities
Neutral Ambuja Cements Ltd For Target Rs.390 - Yes Securities
Source: Yes Securities Ltd
20/07/2022 11:32:50 AM
Ambuja Cements gains on the BSE Ambuja Cements is currently trading at Rs. 359.70, up by 2.45 points or 0.69% from its previous closing of Rs. 357.25 on the BSE. The scrip opened at Rs. 356.10 and has touched a high and low of Rs. 360.95 and Rs. 356.10 respectively. So far 25677 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at ...
Ambuja Cements gains on the BSE
Ambuja Cements gains on the BSE
Source: Accord Fintech
21/06/2022 3:40:43 PM
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India • On 15th May 2022, Holcim Ltd. (promoter company of Ambuja Cements Ltd. and ACC Ltd.) has signed a binding agreement with the Adani Group for selling its business in India. Whole transaction cost is anticipated at around USD 10.5bn. • Holcim’sIndian assets includes 63.11% stake in Ambuja, which in turn owns a 50.05% interest in ACC; and a 4.48% directstake in ACC. • With the acquisition of the Holcim’s assets, Adani will be almostin a pole position in the dom...
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India
Source: Choice Broking Pvt Ltd
16/06/2022 4:55:37 PM
Ambuja Cements rises on introducing Cool Walls Ambuja Cements is currently trading at Rs. 373.00, up by 1.30 points or 0.35% from its previous closing of Rs. 371.70 on the BSE. The scrip opened at Rs. 371.70 and has touched a high and low of Rs. 376.20 and Rs. 370.90 respectively. So far 187767 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements rises on introducing Cool Walls
Ambuja Cements rises on introducing Cool Walls
Source: Accord Fintech
2/06/2022 2:23:45 PM
Ambuja Cements gains on the BSE Ambuja Cements is currently trading at Rs. 363.50, up by 2.55 points or 0.71% from its previous closing of Rs. 360.95 on the BSE. The scrip opened at Rs. 356.05 and has touched a high and low of Rs. 364.85 and Rs. 356.05 respectively. So far 208847 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements gains on the BSE
Ambuja Cements gains on the BSE
Source: Accord Fintech
19/05/2022 3:41:59 PM
Ambuja, ACC stocks rise as Adani to buy Holcim's entire stake in cement makers Shares of cement makers Ambuja Cements and ACC rose on Monday after Adani Group announced that it would buy Switzerland-based Holcim Ltd's entire stake in the leading Indian cement companies. The share of the cement makers closed Monday's trade 2.3 per cent and 3.8 per cent higher, respectively, from their previous close. On Sunday, Adani Group, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerlan...
Ambuja, ACC stocks rise as Adani to buy Holcim's entire stake in cement makers
Ambuja, ACC stocks rise as Adani to buy Holcim's entire stake in cement makers
Source: IANS
16/05/2022 4:51:20 PM
Adani to acquire Holcim's stake in Ambuja Cements and ACC Ltd The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of Indias leading cement companies -Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). The value for the Holcim stake and open offer consideration for Ambuja ...
Adani to acquire Holcim's stake in Ambuja Cements and ACC Ltd
Adani to acquire Holcim's stake in Ambuja Cements and ACC Ltd
Source: IANS
16/05/2022 8:13:12 AM
Ambuja Cements jumps on the bourses Ambuja Cements is currently trading at Rs. 378.75, up by 19.70 points or 5.49% from its previous closing of Rs. 359.05 on the BSE. The scrip opened at Rs. 359.90 and has touched a high and low of Rs. 368.35 and Rs. 349.35 respectively. So far 226085 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood a...
Ambuja Cements jumps on the bourses
Ambuja Cements jumps on the bourses
Source: Accord Fintech
12/05/2022 3:47:26 PM
India's JSW Group to make $7 billion bid for Holcim's India units Indian metals-to-cement conglomerate JSW Group will make a $7 billion bid for Holcim AG's Indian subsidiaries Ambuja Cements Ltd and ACC Ltd, the Financial Times reported on Tuesday. The company will offer $4.5 billion in its own equity and $2.5 billion from undisclosed private equity partners for the bid, JSW Group Chairman Sajjan Jindal told the newspaper, adding that it will acquire 63% stake in Ambuja Cements. The move comes as Switzerland's Holcim tries to diversify away fr...
India's JSW Group to make $7 billion bid for Holcim's India units
India's JSW Group to make $7 billion bid for Holcim's India units
Source: Reuters
10/05/2022 8:35:58 AM
Ambuja Cements trades in green on the BSE Ambuja Cements is currently trading at Rs. 367.05, up by 0.65 points or 0.18% from its previous closing of Rs. 366.40 on the BSE. The scrip opened at Rs. 357.05 and has touched a high and low of Rs. 372.35 and Rs. 357.05 respectively. So far 268302 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements trades in green on the BSE
Ambuja Cements trades in green on the BSE
Source: Accord Fintech
6/05/2022 2:35:27 PM
Ambuja Cements gains on planning to increase cement capacities Ambuja Cements is currently trading at Rs. 377.45, up by 5.60 points or 1.51% from its previous closing of Rs. 371.85 on the BSE. The scrip opened at Rs. 371.85 and has touched a high and low of Rs. 378.50 and Rs. 369.00 respectively. So far 167443 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 08-Sep-2021 and a 52 week low of Rs. 274.00 on 08-Mar-2022. Last one week high and low of the scrip stood at...
Ambuja Cements gains on planning to increase cement capacities
Ambuja Cements gains on planning to increase cement capacities
Source: Accord Fintech
2/05/2022 11:42:19 AM
Neutral Ambuja Cements Ltd For Target Rs.350 - Motilal Oswal Emphasizing on growth, efficiency and sustainability Capacity additions to drive volume growth Ambuja Cements (ACEM) is a leading cement player with an installed cement capacity of 31.5mtpa as of CY21. In this note, we analyze ACEM’s CY21 Annual Report (AR). The key highlights of our analysis are as follows: a) ACEM completed the expansion project at Marwar, Mundwa and announced the next phase of expansion in East India; b) its increased capex on development and efficiency to impr...
Neutral Ambuja Cements Ltd For Target Rs.350 - Motilal Oswal
Neutral Ambuja Cements Ltd For Target Rs.350 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/04/2022 9:44:04 AM