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Ambuja Cements falls ahead of Dec quarter earnings
February 7, 2013 / 8:53 AM / 5 years ago

Ambuja Cements falls ahead of Dec quarter earnings

Reuters Market Eye - Shares in Ambuja Cements Ltd (ABUJ.NS) fall 2 percent on expectations the company will post lower-than-expected earnings for the October-December quarter later in the day, dealers say.

A labourer works inside a cement storage godown at an industrial area in Mumbai November 6, 2012. REUTERS/Danish Siddiqui/Files

    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.

    Reporting by Abhishek Vishnoi

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