Cement News

Morgan Stanley Turns bullish on select Cement Stocks

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In a note to its clients today morning, Morgan Stanley said that it believes the cement industry is beginning a new cycle, and they advise playing the cycle rather than focusing on near-term cement price movements. They advised using share price volatility to accumulate select stocks. 

Key takeaways from the report

MORGAN STANLEY ON CEMENT

The cement industry is beginning a new cycle

Advise playing the cycle rather than focusing on near-term cement price movements

Share price volatility use to accumulate select stocks

The target for Ultratech at `8000/share

The target for Grasim at `1700/share

Ambuja and Ultratech are top picks, along with Grasim

Key picks: Ambuja Cement, Ultratech

Upgrade Grasim to Overweight 

Downgrade Shree to Equal-weight , ACC to Underweight



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