Macquarie has maintained an outperform rating on UltraTech Cement and Ambuja. The brokerage firm has raised the target price for UltraTech Cement to Rs 9250 and lowered the target price for Ambuja to Rs 480. Macquarie also has a neutral rating on Shree Cement and ACC, with revised target prices. However, it recommends a buy rating for Ramco Cement and Dalmia Bharat, with revised target prices.
Jefferies has maintained a buy rating on L&T with a target price of Rs 3050. The first half of the year is expected to see order flow traction, driven by upcoming elections. The second half is expected to benefit from margin recovery.
CLSA has maintained a sell rating on Maruti Suzuki but raised the target price to Rs 9417. The brokerage firm highlights concerns about the slowing momentum of SUV launches and increased competition in the SUV segment.
Disclaimer: The opinions and recommendations provided by experts are their own and do not represent the views of the Economic Times.
