{"id":77446,"date":"2022-12-13T11:53:00","date_gmt":"2022-12-13T06:23:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=77446"},"modified":"2022-12-13T11:53:00","modified_gmt":"2022-12-13T06:23:00","slug":"adani-group-stock-gets-a-buy-tag-from-icici-direct-check-the-latest-target","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/adani-group-stock-gets-a-buy-tag-from-icici-direct-check-the-latest-target\/","title":{"rendered":"Adani Group stock gets a BUY tag from ICICI Direct; Check the latest target"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3621767744\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Ambuja Cements gained marginally on Tuesday and were trading at Rs 587 levels. In the past five days, the stock has gained approximately 3 per cent during which it also reached its 52-week high of Rs 598. In the past six months, the stock has gained 62 per cent and on a yearly basis, the stock has jumped by 54 per cent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3335491610\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AMBUJACEM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ambuja Cements Ltd<\/a><\/strong>. is among the leading cement companies in India which were recently acquired by the Adani group. The company has a strong presence in 80 countries, and a focus on cement, aggregate, and concrete. The company has a capacity of 31 Million MT per annum.\u00a0<\/p><p>In Q2FY23, the company reported a total revenue of Rs 7,143.17 crore which was an increase of 7 per cent from Rs 6,647.13 crore in the same quarter the previous year. In the previous quarter, their net profit stood at Rs 8,032.88 crore.\u00a0<\/p><p>In the quarter under review, their net profit declined drastically to Rs 46.15 crore as against a profit of Rs 886.5 crore in the same period a year earlier. On a sequential basis, their profit stood at Rs 859.08 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1097748098\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>ICICI Direct is bullish on the Adani group cement stock and has assigned a \u2018Buy\u2019 rating with a target of Rs 648 per share which represents an upside of 10% from the current levels.&nbsp;<\/strong><\/p><p>The company has a market capitalization of Rs 1,16,775 crore and a dividend yield of 1.07 per cent.\u00a0<\/p><p>The promoters of the company hold a 63.22 per cent stake in the company and have pledged the entire stake. In addition to that, Foreign Institutional Investors (FIIs) hold an 11.05 per cent stake while the Life Insurance Corporation Of India holds a 6.33 per cent stake in the company.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2454928881\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Ambuja Cements gained marginally on Tuesday and were trading at Rs 587 levels. In the past five days, the stock has gained approximately 3 per cent during which it also reached its 52-week high of Rs 598. In the past six months, the stock has gained 62 per cent and on a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3414,2226,422,220,421,2778,2780,2859,2779,147,163,948,936],"class_list":["post-77446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-adani-enterprises","tag-adani-group","tag-adani-group-latest-news","tag-adani-group-shares","tag-adani-news","tag-ambuja-cement","tag-ambuja-cement-share-price","tag-ambuja-cements","tag-ambuja-cemet-stock","tag-business-of-adani-group","tag-gautam-adani-business","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adani Group stock gets a BUY tag from ICICI Direct; Check the latest target - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/adani-group-stock-gets-a-buy-tag-from-icici-direct-check-the-latest-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adani Group stock gets a BUY tag from ICICI Direct; Check the latest target\" \/>\n<meta property=\"og:description\" content=\"The shares of Ambuja Cements gained marginally on Tuesday and were trading at Rs 587 levels. 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