Ambit Capital in a report said - Recovery in India’s GDP/GFCF will catalyze cement demand recovery and drive sharp earnings growth of cement companies over FY14-16 (from the low base of FY14). However, we do not see structural concerns like over capacity, fragmentation etc, waning in the near-future.
Here are the Various Price Targets of Indian Cement Stocks
UltraTech SELL Target Price: 2,202
Ambuja SELL Target Price: 203
ACC SELL Target Price: 1,181
Ramco Cement SELL Target Price: 283
We recommend that - Do Not SELL if you are Holding the Same unless you are a Smart Trader to cover back the position. But Instead you can BUY when the Stocks Correct to the levels that Ambit has mentioned in Target.
