Wednesday, April 04, 2007

CLSA downgrades India Cement to Underperform from Outperform

CLSA has downgraded India Cement to Under perform from Outperform. It has also downgraded ACC, Gujarat Ambuja to Sell from Under perform.

It says that Grasim & UltraTech are going to continue to Outperform the sector.

It feels that cement companies may cut prices as the industry may not want to imports to establish.

Posted By R John Christy at 8:24 PM Labels:

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