|Date||Rating||Target Price||Recommendation Price||Broker house|
|13 Apr 2011||--||--||MorganStanley Report|
india cement sector (MorganStanley) Structurally Positive; But Wait For Better Entry Point; In-Line
Grasim is the top pick in our group; downgrade ACC (ACC.BO, Rs1,097), Ultratech (ULTC.BO, Rs1,078), and Ambuja (ABUJ.BO, Rs149) all to Equal-weight. In our view, F4Q11 earnings will be robust, supporting near-term stock performance. However, we recommend reducing positions around results. Our target prices are unchanged.
Labels: Sector Reports