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'Buy' Ambuja Cements Maintains Motilal Oswal — Here's Why
Motilal Oswal maintains Buy rating on Ambuja Cements with a target price of Rs 630 (valuing the stock at 18x FY27E EV/Ebitda).
19 Jun 2025, 11:37 AM IST 
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Under the new management, Ambuja Cements has been focusing on capacity expansion through strategic acquisitions, including Sanghi Industries, Penna Cement, and Orient Cement.
(Photo: Usha Kunji/ NDTV Profit)
Ambuja Cements has undertaken a series of cost-reduction initiatives to improve efficiency and profitability. These include long-term sourcing agreements for key raw materials like fly-ash, with nearly 40% of fly-ash now secured through such arrangements.
