कोशिश गोल्ड - मुक्त
UBS Upgrades Cement Stocks on Demand Hopes
Business Standard
|March 26, 2025
BS Global Research upgraded multiple Indian cement stocks to "buy" on Monday, citing the sector's risk factors as largely priced in and expecting an earnings upcycle next financial year.
The brokerage upgraded UltraTech Cement (target price: ₹13,000), Dalmia Bharat (target price: ₹2,100), and Ambuja Cement (target price: ₹620), to a "buy" rating while maintaining its "buy" call on ACC (target price: ₹2,250).
Analysts at the research firm noted that they had held a negative view of the sector since July 2023, given the demand slowdown and rising price competition after Adani group's entry. However, these risks have played out, and an earnings upcycle is expected to emerge in 2025-26 (FY26), they said in a note.
Shares of cement companies rose following the rating upgrade from UBS. UltraTech climbed 3.71 per cent to ₹11,461 per share but trimmed gains to close 3.35 per cent higher on Tuesday. Ambuja and ACC advanced 2.75 per cent and 1.79 per cent, respectively. Dalmia's stock rose as much as 2.42 per cent during the session.
यह कहानी Business Standard के March 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Business Standard से और कहानियाँ
Business Standard
Withdrawing PF soon? Missing this form could quietly cut your payout
A new rule from April 2026 could reduce your payout, even if your final tax liability is nil.
1 min
May 05, 2026
Business Standard
The devil wears fine print
David Frankel’s The Devil Wears Prada 2 is, surprisingly, not about fashion but about saving journalism.
4 mins
May 05, 2026
Business Standard
India’s neglected mental health challenge
One in seven Indians lives with a mental health condition, yet 83 per cent receive no treatment, making it one of the widest mental health care gaps in the world.
3 mins
May 05, 2026
Business Standard
J&K staff integration: EPFO sticks to 2019 cutoff, sparks concern
The Employees’ Provident Fund Organisation (EPFO) is finalising its approach to integrating employees from the erstwhile Jammu & Kashmir (J&K) EPFO following the region’s reorganisation in October 2019, according to multiple people aware of the matter.
2 mins
May 05, 2026
Business Standard
A vote for change, and continuity
In bold brushstrokes, BJP swept West Bengal and retained Assam. Superstar Vijay’s TVK dazzled in Tamil Nadu, while UDF reclaimed Kerala, and the NDA held on to Puducherry
3 mins
May 05, 2026
Business Standard
The way of Bengal
BJP will form its first govt in the state after winning 207 seats, way past the majority mark of 148, to end TMC's 15-year rule. Mamata Banerjee's party managed only 80 seats
2 mins
May 05, 2026
Business Standard
Formula One races into a new era as AI powers its next lap
Artificial Intelligence's integration into Liberty Media-owned Formula One and its 11 teams has been noticeable onand offtrack in the already highly tech-powered sport.
2 mins
May 05, 2026
Business Standard
Global investors drawn to India's non-life market
Foreign investors are showing renewed interest in India's non-life insurance segment after the government allowed 100 per cent foreign direct investment (FDI), prompting early-stage entry discussions, joint venture explorations and, in some cases, plans to reenter as wholly owned subsidiaries.
2 mins
May 05, 2026
Business Standard
Central schemes could get fresh lease of life
The Bharatiya Janata Party’s (BJP’s) stupendous win in the West Bengal elections could open the door for a smooth flow of funds to the state under many central schemes and projects, several of which have been stuck over the years due to differences between the Centre and the state government, according to experts and commentators.
2 mins
May 05, 2026
Business Standard
Carrier eyes $1 billion India revenue by decade-end
Over the past four years, India has consistently delivered the highest growth rates for Carrier Global, making it a hyper-growth market for the US-based company. Carrier is investing $100 million in Sri City, Andhra Pradesh, with operations expected to begin by the end of next year. In an exclusive audio interview, David L Gitlin, chairman and chief executive officer, Carrier Global, speaks with Sharleen D’Souza about the company’s plans to reach $1 billion in India revenue by the end of the decade. Edited excerpts:
3 mins
May 05, 2026
Listen
Translate
Change font size