Ambuja Cements Shares Rise on Brokerage Upgrades

  Published 1 year ago

Ambuja Cements shares jump 3%, brokerages like Morgan Stanley upgrade ratings, and analysts forecast strong earnings growth.

  • Morgan Stanley reiterates 'overweight' rating, citing market share gains and cost improvements.
  • Jefferies 'buy' and JP Morgan 'neutral' ratings expect earnings improvement from Q2 2026.
  • 36 analysts average 'buy' rating, with a median price target of 627.50 rupees.

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