Economic TimesLean R·
Ambuja Cements share price target: Nuvama, Motilal, other brokerages see up to 30% upside. Here's why
Ambuja Cements shares rose over 1% despite reporting a 34% YoY decline in Q1 FY27 consolidated net profit to Rs 577 crore. Revenue fell 7.5%, while EBITDA dropped 19% and margins narrowed due to higher fuel and raw material costs amid the West Asia crisis. Despite the weak quarter, brokerages retained their 'Buy' ratings, citing strong long-term growth prospects.
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