JP Morgan remains underweight on Ambuja Cements

JP Morgan remains underweight on Ambuja Cements
Published: 30 July 2012

Tagged Under: Ambuja Cements India 

JP Morgan remain Underweight on India's Ambuja Cements.  Key risks to the price target as per JP Morgan is a sharp recovery in cement demand



Ambuja Cements, which is 50.3 per cent owned by Holcim, reported a net profit rise of 35 per cent to INR4.69bn for the April-June 2012 quarter while sales were up 18 per cent. Ambuja said that it expects higher input costs and freight rates to put pressure on future margins.

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