India's Ambuja Cements gains, brokerages reiterate positive earnings outlook

Ambuja Cements

02/07/2025 11:13

** Shares of Ambuja Cements ABUJ.NS rise as much as 3% to 597.60 rupees, settles up 2.4%

** Multiple brokerages, including Morgan Stanley, Jefferies and JP Morgan, reiterate positive view on the cement maker's stock after meeting the management

** Morgan Stanley reiterates "overweight" rating and terms ABUJ as one of its preferred cement stocks, citing capability to gain market share and drive cost improvement

** Says ABUJ is well placed to become an earnings compounder over the next few years

** Jefferies reiterates "buy", while JP Morgan retains "neutral", both anticipating an improvement in earnings from the second quarter of fiscal 2026

** The average rating of 36 analysts tracking ABUJ is "buy"; the median price target is 627.50 rupees - LSEG

** ABUJ shares are up 10.9% in 2025 so far, outperforming the 1.1% rise in Nifty Next 50 index .NN50, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))