Ambuja Cement builds up
By
Research Desk
about 9 years ago
Ambuja Cement is in the limelight today, thanks to foreign brokerage house, Nomura. It has upgraded the stock from “neutral” to “buy”. The firm has stated that given its net cash balance and strong franchise, the company’s current valuations are apt. It expects the company to gain considerably once construction begins in non-south regions.
Currently, 16 brokerage house have given a “buy” , there are 17 “sell” and 10 “hold”.
The stock is currently up almost 4.5% at Rs.220, close to its intra day high of Rs.221.50. Its 52-week high stands at Rs.286.85.