Ambuja Cements Company Report
COMPANY NAME- AMBUJA CEMENTS LTD.
BSE CODE: 500425 SIZE: LARGECAP
SECTOR: CONSTRUCTION & REALTY INDUSTRY: CEMENTS
STOCK PRICE (AS ON 9th JULY 2015) – RS 244.10 (BSE)
TARGET PRICE: RS. 293 POTENTIAL UPSIDE: 20%
This stock is in a firm uptrend and is likely to see much higher levels. The short term support is placed at 264 and long term support exists at 265. On the higher side, previous high of 274 remains the important resistance. A close above this level, Ambuja Cements will witness a sharp rally towards 300.
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