Archive · 3 Jul 2025
Ambuja Cements Target Price Hiked by Choice; 'Buy' Rating Maintained
Ambuja Cements is getting a positive outlook from financial analysts.
Choice Institutional Equities thinks the stock will go up and set a higher price target.
They expect the company to sell more cement and make more money.
They also think the company will save money on costs.
The company, part of the Adani Group, plans to make a lot more cement.
This positive outlook is good news for investors.
Choice Institutional Equities raised Ambuja Cements' target price to ₹700 and maintains a 'BUY' rating.
Anticipated volume growth is 12% in FY26, followed by 10% in the next two fiscal years.
EBITDA is expected to increase at a CAGR of 34.8% from FY25 to FY28.
A ₹400 per tonne cost reduction is anticipated, along with benefits from premium product sales.
Adani Cement plans to increase capacity from 103 MnT to 140 MnT by FY28.
- Who
- Choice Institutional Equities and Nuvama Institutional Equities.
- What
- Choice Institutional Equities raised the target price for Ambuja Cements.
- When
- FY26 to FY28.
- Where
- India's cement market.
- Why
- Due to positive growth forecasts and expansion plans.
- Target Price (Choice)
- ₹700
- Rating (Choice)
- BUY
- CMP
- ₹590.95
- Upside Potential
- 18.45%
- EBITDA CAGR (FY25-FY28)
- 34.8%
- Adani Cement Capacity (FY28)
- 140 MnT
