Tag: upgrades
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Cement stocks rally after Nomura upgrades on hopes of strong volume growth
Nomura highlighted strong volume growth and reduced fuel costs in FY24. Cement stocks soared on December 27 following an upgrade by Nomura on anticipated robust growth in sales volume, improved pricing discipline, and advancement of valuations to FY26. The brokerage house upgraded Ultratech Cement, Dalmia Bharat, and Ramco Cement from ‘neutral’ to ‘buy’. Their one-year forward…
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Tata Power surges 9% to record high after JM Financial upgrades stock, raises target price
Tata Power’s earnings will be buoyed by an expanding asset base and an enhanced margin profile: JM Financial Shares of Tata Power soared around 9 percent on December 7 to hit a fresh record high after brokerage firm JM Financial upgraded the stock to ‘buy’ rating from hold earlier. The brokerage also raised its price…