ACC

ACC

CLSA downgrades ACC, Ambuja; Shree Cements gets an upgrade Despite the changes in ratings and price targets, Dalmia Bharat and Ultratech are the brokerage's preferred picks within the sector.

ACC, one of the leading cement manufacturers in India, has recently been downgraded by CLSA, a renowned brokerage firm. Along with ACC, Ambuja Cement also faced a downgrade. However, Shree Cements witnessed an upgrade in its ratings. Despite these changes, CLSA continues to favor Dalmia Bharat and Ultratech as their preferred picks within the sector.

The downgrades and upgrades in the cement sector reflect the dynamic nature of the market. Investors and stakeholders should closely monitor such changes as they can have a significant impact on the performance of companies. With Dalmia Bharat and Ultratech being the preferred picks, it is essential to analyze the reasons behind CLSA's choice and consider them while making investment decisions.