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Investing.com - Cantor Fitzgerald initiated coverage on Ambuja Cements (NSE:ABUJ) Ltd. (NS:ACEM) with an Overweight rating and a price target of INR745.00 on Monday.
The research firm noted that Ambuja Cements ranks as the ninth-largest cement company globally, having expanded its capacity by 50% in less than three years through both acquisitions and organic growth initiatives.
The cement manufacturer currently operates with a capacity of 104.5 MTPA (million tonnes per annum), which is projected to increase to 118 MTPA by FY26 and further to 140 MTPA by FY28, according to company guidance cited by Cantor Fitzgerald.
Ambuja Cements has significantly increased its market share from approximately 8% three years ago to 15.5% currently, Cantor Fitzgerald reported in its coverage initiation.
The company aims to continue this growth trajectory, with management targeting market share expansion to 18% by FY28 and 20% by FY30, while focusing primarily on organic growth in FY26.
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