Hold Call by Edelweiss Securities
Edelweiss Securities has recommended a hold rating on Ambuja Cements with a target price of Rs 222. Let’s have a look at the Edelweiss Securities research report on Ambuja Cements.
According to the brokerage, the company Ambuja cement(ACEM) is focusing on 1) completing the 3.1mtpa clinker and 1.8mtpa cement capex from Q3CY20 2) increasing the sales of premium products 3) delivering tangible savings from the Master Supply Agreement(MSA) with subsidiary ACC. The brokerage anticipates cement volumes would subdue in CY19 led by capacity constraints and weak industry demand.
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