MARKET EYE-Ambuja Cements falls ahead of Dec qtr earnings

Thu Feb 7, 2013 1:39pm IST

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* 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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