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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Summary
Over last two years, EV per MT of Ambuja in US$ terms has been in the range of US$112-205. At current market price the stock is trading at US$205/MT at its two years high and at a 42.9% discount to its all time high of US$293/MT.
We expect the prices to remain firm over next 2-3 months and also historically Q4 has been a good quarter for cement, hence this should help the company in further increasing its margins going forward. However as a result of sharp run up seen in the stock over last couple of weeks, we believe the upside is limited for the stock.
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