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Did $Ambuja Cements Ltd Deserve The Bashing? 🏗️
Just by being under the Adani label, Ambuja was struck down by 23%, despite not being mentioned in the famed Hindenburg report! Is it a good time to buy?
📍Grouping Ambuja with Adani’s allegations would be baseless as it has a higher free float of 36%, a Debt: Equity ratio of 0.01x (Adani group at 2.2x) and zero pledging, thereby absolving it of stock manipulation, high indebtedness and dangerous levels of share pledging as collateral
📍The Budget’s massive capex outlay of Rs. 10 lakh crore (+33.4% YoY) will push the infrastructure sector well, and the proximity of the General Elections 2024 will expedite execution, boosting cement demand
đź“ŤAfter minimal capacity addition for a decade, Ambuja engaged in expansion right before the Adani acquisition (30 MTPA to 70 MTPA). Adani also intends to invest Rs. 20,000 crore to double that capacity in 5 year!
Head to the comments for more!
Just by being under the Adani label, Ambuja was struck down by 23%, despite not being mentioned in the famed Hindenburg report! Is it a good time to buy?
📍Grouping Ambuja with Adani’s allegations would be baseless as it has a higher free float of 36%, a Debt: Equity ratio of 0.01x (Adani group at 2.2x) and zero pledging, thereby absolving it of stock manipulation, high indebtedness and dangerous levels of share pledging as collateral
📍The Budget’s massive capex outlay of Rs. 10 lakh crore (+33.4% YoY) will push the infrastructure sector well, and the proximity of the General Elections 2024 will expedite execution, boosting cement demand
đź“ŤAfter minimal capacity addition for a decade, Ambuja engaged in expansion right before the Adani acquisition (30 MTPA to 70 MTPA). Adani also intends to invest Rs. 20,000 crore to double that capacity in 5 year!
Head to the comments for more!