|Year||Share Price Target (Minimum)||Share Price Target (Maximum)|
Ambuja Cements Limited is an Indian cement manufacturing company headquartered in Ahmedabad, Gujarat. It is a subsidiary of the Aditya Birla Group. Ambuja Cements is the second-largest cement manufacturer in India, with a market share of around 15%.
The Ambuja Cement share price has been on a bull run in recent years, rising from around ₹200 per share in 2017 to ₹350 per share as of August 2023. This is due to a number of factors, including the strong demand for cement in India, the company’s focus on capacity expansion, and its acquisition of Holcim India.
There are a number of factors that could affect the Ambuja Cement share price in 2023. These include:
- The demand for cement in India: The demand for cement in India is expected to remain strong in 2023, driven by the government’s infrastructure spending and the growth of the construction sector.
- The company’s capacity expansion: Ambuja Cement is planning to expand its capacity by 20 million tonnes in 2023. This will help the company meet the growing demand for cement.
- The acquisition of Holcim India: Ambuja Cement acquired Holcim India in 2022. This acquisition will help the company to become the largest cement manufacturer in India.
Based on these factors, some analysts have forecast the Ambuja Cement share price to reach ₹400-450 per share in 2023.
In 2024, the Ambuja Cement share price could be further boosted by the company’s plans to launch new products and expand its distribution network. The company is also expected to benefit from the growth of the infrastructure sector.
Some analysts have forecast the Ambuja Cement share price to reach ₹500-550 per share in 2024.
By 2025, Ambuja Cement is expected to be a leading player in the Indian cement market. The company is also expected to benefit from the growth of the export market.
Some analysts have forecast the Ambuja Cement share price to reach ₹600-650 per share in 2025.
In the long term, Ambuja Cement is expected to continue to grow and become a major player in the global cement industry. The company’s share price could reach ₹700-750 per share by 2026.
By 2030, Ambuja Cement could be one of the world’s most valuable cement companies. The company’s share price could reach ₹800-850 per share by then.
The Ambuja Cement share price is expected to grow in the coming years. However, there are a number of risks that could impact the company’s growth. Investors should carefully consider these risks before investing in Ambuja Cement.