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.

Truckers at two facilities of the company in Himachal Pradesh have begun material supplies as well as dispatches.

In a declaration, the company said that the fabrication at these divisions is likely to get normal within the next 7 to 10 days.

The campaigning had forced Ambuja Cements to halt fabrication from October 7, at its Suli and Rauri facilities, which jointly make 3 million tonnes of cement on an annual basis.

Country's third-largest cement manufacturer saw 19.86% increase in cement despatches during the last month at 1.75 million tons as against 1.46 million tons during the same period of last year (2009).

Company's cement production grew by 16.67% to 1.75 million tons million tons during the last month as compared to 1.50 million tons in October 2009.