Motilal Oswal Financial Services maintains buy on Ambuja Cements, lowers target price to Rs 600 Jobbery Stock Market update

Motilal Oswal Financial Services maintains a buy call on Ambuja Cements with a revised target price of Rs 600. The company’s recent financials show strong growth in income but lower-than-expected EBITDA due to weak realizations and increased costs. Management expects performance improvement in acquired assets by FY26. The valuation multiple has been adjusted to 18x EV/EBITDA.