"Handshake across the Himalayas"

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A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb May 20, 2013. REUTERS/Antonio Bronic

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MARKET EYE-Ambuja Cements falls ahead of Dec qtr earnings

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Stocks

   

Thu Feb 7, 2013 1:39pm IST

* Shares in Ambuja Cements Ltd fall 2 percent on
expectations the company will post lower-than-expected earnings
for the October-December quarter later in the day, dealers say.
* Morgan Stanley reduced its rating on Ambuja Cements to
"equalweight" from "overweight" on Wednesday, saying valuations
already reflect expectations of firmer cement prices and a
"structurally positive" outlook for the sector. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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