Updated: 2020-12-24 08:59:40
Among brokers, both Jefferies and Antique are optimistic about ACC and Ambuja Cement following the renewal of the existing technology and know-how agreement with LafargeHolcim. Here are the best brokerage calls for today:
Jefferies on ACC, Ambuja: The mediation involves a renewal of the existing technology and know-how agreement with LafargeHolcim with the existing position at 1% being continued, a significant positive for ACC, Ambuja.
Antico on ACC, Ambuja: The brokerage firm maintains “buy” calls on ACC and Ambuja and says sanity prevailed as technical know-how fees were kept at 1% of sales.
Morgan Stanley on Bharat Forge: Brokerage is “underweight” on the stock with a target of Rs 341 per share. It found that the German branches have reached an agreement with the antitrust regulator. However, the stretched valuation keeps the SM bearish on the stock.