AMBUJACEM

Ambuja Cements is one of India's largest cement manufacturers and continues to benefit from infrastructure spending, housing demand, and capacity expansion under the Adani Group. Fundamental View Positives Record cement volumes and continued market share gains. Strong pan-India presence after integration initiatives involving ACC and Orient Cement. Long-term demand supported by government infrastructure projects and housing growth. Revenue growth remains healthy despite industry challenges. Concerns EBITDA margins are under pressure due to higher fuel, diesel, and packaging costs. Cement pricing remains competitive across regions. Near-term profitability can remain volatile if input costs stay elevated. Important Levels Strong Support: ₹400–₹410 Immediate Support: ₹412–₹425 Resistance Zone: ₹460–₹475 Major Breakout Zone: Above ₹475