Shares of UltraTech, Ambuja and Ramco Cements could rise by 28%, Nomura reiterates ‘purchase’ name; Downgraded Scores for 3 Shares – INA NEWS

Cement Shares’ Value: The Indian cement business will see higher quantity development within the monetary yr 2025-26 as in comparison with the monetary yr 2024-25. This expectation has been expressed by brokerage agency Nomura. However Nomura additionally believes that solely value targeted corporations can be profitable in seeing margin enlargement. With this estimate, Nomura has maintained its ‘purchase’ scores on UltraTech Cement, Ambuja Cements and Ramco Cements.

Additionally, goal value of Rs 12,800 per share has been given for UltraTech, Rs 690 for Ambuja Cements and Rs 1,060 per share for Ramco Cements. This new goal value is 12, 28 and 12 p.c respectively increased than the closing value of shares of those three corporations on BSE on January 8.

Downgraded scores for these shares

In distinction, the brokerage downgraded the scores for ACC and Nuvoco Vistas to ‘Cut back’ from ‘Impartial’. The ranking for Shree Cement has additionally been diminished from ‘Purchase’ to ‘Impartial’. Nomura has additionally given ‘Cut back’ ranking for Dalmia Bharat. On January 9, shares of UltraTech Cement, Ramco Cement, Ambuja Cements, ACC, Shree Cement, JK Cement, JK Lakshmi Cement are in decline. On the similar time, there’s a very slight rise within the shares of Dalmia Bharat and Nuvoco Vistas.

Quantity development for cement business anticipated to be 6 p.c in FY26

Nomura believes that quantity development for India’s cement business can be 6 p.c in FY 2026. It expects solely 3 p.c quantity development in fiscal yr 2025. Brokerages, nevertheless, stay detrimental on the pricing outlook for the cement business. He believes pricing indiscipline amid business consolidation will hold commerce costs restricted. “We anticipate cement commerce costs to stay largely subdued on account of market share fights amid ongoing consolidation within the business,” Nomura stated.

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