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
Stockbroker rules' revamp may broaden cross-regulator scope
Separate business units, sandbox timelines part of proposed changes
2 mins
January 07, 2026
Business Standard
Avoid maxing out on loan limit, maintain 20% valuation buffer
GOLD LOAN RISKS AMID HIGH PRICES
3 mins
January 07, 2026
Business Standard
Amazon Pay ties up with 7 entities for fixed deposits
Amazon Pay, the fintech arm of the e-commerce major, is expanding its fixed-income asset business with the introduction of fixed deposits (FDs) for its users through the fintech application.
1 min
January 07, 2026
Business Standard
Hudco, NHB-anchored fund for affordable rental housing
The NITI Aayog has proposed a dedicated fund under the National Housing Bank (NHB) and Housing and Urban Development Corporation (Hudco) to provide long-term financing for affordable rental housing.
1 min
January 07, 2026
Business Standard
'DIL-Sapphire merged entity to cross $1 bn annual revenue'
The combined entity formed from the merger of Devyani International (DIL) and Sapphire Foods India Ltd (SFIL) is likely to cross an annualised revenue mark of $1 billion, DIL Non-Executive Chairman, Ravi Jaipuria told analysts on Tuesday.
1 mins
January 07, 2026
Business Standard
We need capabilities across entire AI value chain: India AI CEO
India must develop capabilities across the entire artificial intelligence (AI) value chain to create a self-reliant AI ecosystem, rather than remain a consumer of global AI services, Abhishek Singh, chief executive officer of the IndiaAI Mission, said.
1 mins
January 07, 2026
Business Standard
RBI proposes to cap banks' dividend payout at 75% of PAT
‘The Reserve Bank of India (RBI) on Tuesday came up with a draft framework on declaration of dividend by banks, as it proposed capping dividend payout to shareholders at 75 per cent of their net profit — also called profit after tax (PAT).
1 min
January 07, 2026
Business Standard
Iran protests: Toll reaches 35, forces clash with protesters
Protesters angry over Iran’s ailing economy conducted a sit-in on Tuesday at Tehran’s Grand Bazaar, witnesses said, with security forces ultimately firing tear gas and dispersing demonstrators as the rest of the market shut down.
1 min
January 07, 2026
Business Standard
Thalapathy Vijay’s final act faces a last-minute twist
JANA NAYAGAN STALLS AT THE CENSOR BOARD WHILE POLITICS TAKES THE SPOTLIGHT OFF-SCREEN
2 mins
January 07, 2026
Business Standard
Green cave in Bastar district soon to boost tourism
The Chhattisgarh government will soon open to the public the rare green cave of Kanger Valley National Park in once Maoists-affected Bastar district.
1 min
January 07, 2026
Listen
Translate
Change font size