Sell Ambuja Cements, target Rs 233: Pritesh Mehta

Pritesh Mehta of IIFLBSE 5.19 % has a sell call on Ambuja Cements with a target price of Rs 233. The current market price of Ambuja Cements is Rs 245.40. Time period given by the analyst is 'Intra Day' when Ambuja Cements price can reach defined target. Pritesh Mehta recommended to keep a stop loss at Rs 254. Ambuja Cements, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 48,727.73 Crore) operating in Cement sector. The company's top management includes Dr.Omkar Goswami, Mr.Ajay Kapur, Mr.B L Taparia, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Haigreve Khaitan, Mr.Martin Kreigner, Mr.N S Sekhsaria, Mr.Nasser Munjee, Mr.Rajendra P Chitale, Mr.Shailesh Haribhakti, Ms.Usha Sangwan. Company has SRBC & Co LLP as its auditors. As on 31-12-2017, the company has a total of 1,985,645,229 shares outstanding.