Branch² Intelligence
Ambuja Cements, UltraTech Cement, Dalmia Bharat In Focus Ahead Of Q1 Results — Check Target Prices
Key takeaway
Axis Securities flags improved valuation comfort in cement majors ahead of Q1 results, potentially attracting long-term investors.
- Step 1Axis Securities publishes positive note on cement stocks ahead of Q1 results, citing improved valuation comfort.
- Step 2Institutional and retail investors increase buying in Ambuja Cements, UltraTech Cement, and Dalmia Bharat, lifting share prices.
- Step 3Higher equity valuations improve these companies' cost of capital, enabling cheaper debt financing for capacity expansion.
Source: IN:NDTV Profit
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