Cement stocks: Morgan Stanley revises targets for UltraTech Cement, Grasim, Dalmia Bharat, Shree Cement, others
Cement stocks: Global brokerage Morgan Stanley has revised target prices on a bunch of cement stocks —Shree Cement, Grasim, Dalmia Bharat, UltraTech Cement, and others. Do you own them?
Cement stocks: Global brokerage Morgan Stanley has revised target prices on a bunch of cement stocks —Shree Cement, Grasim, Dalmia Bharat, UltraTech Cement, Ambuja Cements, and ACC Limited. Check out the latest revised target prices:
(Image: Official website and others/ Representational image)
Shree Cement share price target
Shree Cement share price target
Morgan Stanley has upgraded the Shree Cement stock to an overweight call from an equal-weight call. The brokerage has raised the target price by Rs 1,500 per equity share to Rs 30,000 per share.
Grasim share price target
Grasim share price target
Morgan Stanley has downgraded the Aditya Birla Group’s cement and cement products company stock to an equal-weight from an overweight rating. The brokerage has reduced the target to Rs 2,560 from Rs 2,610.
Dalmia Bharat
Dalmia Bharat share price target
Morgan Stanley has maintained an 'overweight' rating on the Dalmia Bharat. The brokerage has slashed the target to Rs 2,450 from Rs 2,750.
UltraTech Cement
UltraTech Cement share price target
The brokerage has retained an overweight rating on UltraTech Cement. The brokerage has reduced the target to Rs 11,600 from Rs 12,000.
Ambuja Cements
Ambuja Cements share price target
The brokerage has downgraded the counter to equalweight from an overweight rating with a raised target of Rs 625 from Rs 600.
ACC share price target
ACC share price target
Morgan Stanley has maintained an equalweight rating on the counter with a raised target of Rs 2,460 from Rs 2,400 earlier.