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Cement Sector To Regain Traction On Reviving Demand, Ambuja Cements Top Pick: UBS
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Cement Sector To Regain Traction On Reviving Demand, Ambuja Cements Top Pick: UBS
The cement sector’s challenges may ease as demand recovers, costs decline, prices stabilise and industry consolidation progresses, according to as brokerage firm UBS. This optimism comes as prices have bottomed out, declining 8%.Ambuja Cements Ltd. remains the research firm top pick. UBS upgraded to “buy,” with the target raised to Rs 620. It also upgraded UltraTech Cement Ltd. to “buy” from “neutral,” setting a price target of Rs 13,000, citing…
·Mumbai, India
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