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MARKET EYE-Ambuja Cements falls ahead of Dec qtr earnings
February 7, 2013 / 8:12 AM / 5 years ago

MARKET EYE-Ambuja Cements falls ahead of Dec qtr earnings

* 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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