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UBS has upgraded UltraTech Cement's stock rating from Neutral to Buy, raising the price target to INR13,000 from INR9,000. The upgrade is attributed to the company's strong execution, advantageous market position, and expected growth in volume and capacity shares, alongside a healthy balance sheet and potential for further expansion through mergers and acquisitions. UBS forecasts significant EBITDA growth rates of 31% from FY25E to FY27E and 14% from FY27E to FY30E, reflecting confidence in UltraTech's future performance.
UBS has upgraded Ambuja Cements' stock rating from 'Sell' to 'Buy' and raised its target price from INR475 to INR620, citing improved operational capabilities and growth prospects. The firm expects Ambuja to become India's fastest-growing cement company from fiscal years 2025 to 2028, with market share projected to rise significantly by fiscal year 2030. Despite current margin lagging, UBS anticipates substantial EBITDA growth driven by increased volumes and enhanced synergies with its parent company, Adani.
UBS has upgraded Ambuja Cements to "Buy" from "Sell," raising the target price to INR 620 from INR 475, citing improved operational capabilities and growth prospects. The company is expected to achieve a capacity target of 140 million tons per annum by fiscal 2028, with significant margin expansion anticipated in the medium term.Analysts forecast Ambuja Cements to be the fastest-growing cement company in India from fiscal 2025 to 2028, with market share increasing to 18% in demand and 16% in capacity by FY 2030. Consolidated EBITDA is projected to double between FY 2025 and FY 2027, driven by substantial volume increases.
Nikunj Mandowara
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades ultratech cement to buy with target raised to inr 13000
06:43 25.03.2025
ubs upgrades ambuja cements to buy raises target to inr620
06:42 25.03.2025
ubs upgrades ambuja cements to buy raises target price to inr 620
06:33 25.03.2025
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