Mumbai: CLSA stated it has turned ‘constructive’ on the cement sector, citing incrementally higher earnings visibility in CY25. Whereas upgrading rankings on Dalmia Bharat and ACC, the brokerage stated it prefers Ambuja Cement and UltraTech.
“Underperformance of the shares has been pushed by earnings cuts and therefore the sector is buying and selling at a slight premium to the historic median,” stated CLSA in a shopper notice.
“We anticipate an earnings restoration and see pockets of alternative.” The brokerage raised its value goal on Dalmia to ₹2,110, implying an upside of 17% and on ACC to ₹2,580, implying good points of 28.5% over Wednesday’s closing value.
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