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    Standout Brokerage Report: Morgan Stanley sees new cycle in cement sector; Ambuja, Ultratech top picks

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    Standout Brokerage Report: Morgan Stanley sees new cycle in cement sector; Ambuja, Ultratech top picks

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    The cement sector is on a cusp of a new cycle, said global brokerage Morgan Stanley in a report, while listing Ambuja Cements and Ultratech Cement as its top picks in the sector. MS has also upgraded Grasim to an overweight rating with a target price of Rs 1,700 per share. Also, it has downgraded Shree Cement to an equal-weight rating and ACC to underweight.

    The cement sector is on a cusp of a new cycle, said global brokerage Morgan Stanley in a report, while listing Ambuja Cements and Ultratech Cement as its top picks in the sector. MS has also upgraded Grasim to an overweight rating with a target price of Rs 1,700 per share. Also, it has downgraded Shree Cement to an equal-weight rating and ACC to underweight.
    Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
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