Wed, December 4, 2024

[ Wed, Dec 04th 2024 ]: Thomas Matters

Stock market today: Tech stocks and AI pull Wall Street toward more records

[ Wed, Dec 04th 2024 ]: Thomas Matters

Money blog: HMRC issues tax clarification - as Vi .. to start sharing seller information with tax man

[ Wed, Dec 04th 2024 ]: Thomas Matters

Dow Jones Today: Stock Futures Rise as Investors Digest Tech Earnings, Await Fed Chair Comments

[ Wed, Dec 04th 2024 ]: Thomas Matters

Stock market today: Wall Street points higher as earnings trickle in ahead of Friday's jobs report

[ Wed, Dec 04th 2024 ]: Thomas Matters

Stocks and bonds haven't moved together like this .. t's putting portfolios at risk, says State Street

[ Wed, Dec 04th 2024 ]: Thomas Matters

Canadian ETF Comparison Series: ZWK vs. CALL.B

[ Wed, Dec 04th 2024 ]: Thomas Matters

Best Stock to Buy Right Now: Amazon vs. Shopify

[ Wed, Dec 04th 2024 ]: Thomas Matters

Cathie Wood buys $22.1 million of battered tech stock

[ Wed, Dec 04th 2024 ]: Thomas Matters

UnitedHealth Projects Strong Financial Outlook for 2025

[ Wed, Dec 04th 2024 ]: Thomas Matters

Institutional investors optimistic about 2025 amid ongoing wars, China-U.S. tensions

[ Wed, Dec 04th 2024 ]: Thomas Matters

Can AI Boost These Growth Stocks Higher?

[ Wed, Dec 04th 2024 ]: Thomas Matters

Rating the Magnificent 7 Stocks in 2024

[ Wed, Dec 04th 2024 ]: Thomas Matters

Why Pure Storage Stock Is Sailing Higher After Earnings

[ Wed, Dec 04th 2024 ]: Thomas Matters

Should You Really Buy Stocks Before the New Year? Here's What History Says.

[ Wed, Dec 04th 2024 ]: Thomas Matters

Columbia Convertible Securities Fund Q3 2024 Commentary

[ Wed, Dec 04th 2024 ]: Thomas Matters

Can Rolls-Royce shares continue to outperform in 2025?

[ Wed, Dec 04th 2024 ]: Thomas Matters

"Take Care Of Your Health First": Investor Mark Mobius' Message For GenZ

[ Wed, Dec 04th 2024 ]: Thomas Matters

The Metric Every Investor Should Use (But Probably Doesn't)

[ Wed, Dec 04th 2024 ]: Thomas Matters

Meet the New S&P 500 Company That Just Reported I .. ter Ever and Is Heading for a 280% Gain This Year

[ Wed, Dec 04th 2024 ]: Thomas Matters

'FY25 will be one of the weakest years': What Gol .. man Sachs says on UltraTech, ACC & Ambuja Cements

[ Wed, Dec 04th 2024 ]: Thomas Matters

Why Credo Technology Group Rocketed Nearly 50% Today

[ Wed, Dec 04th 2024 ]: Thomas Matters

Will 2025 belong to multi-cap, hybrid funds?

[ Wed, Dec 04th 2024 ]: Thomas Matters

I've got $2,000 and I'm on the hunt for cheap ASX shares to buy in December

[ Wed, Dec 04th 2024 ]: Thomas Matters

A strong jobs report this week will boost the 'Am .. rade that's pushed stocks to new highs, BofA says
Tue, December 3, 2024

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Here's Why Travelers (TRV) is a Strong Momentum Stock

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Warren Buffett: 6 Ways To Invest Tiny Sums of Money

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Michael Saylor's MicroStrategy Has Quintupled Thi .. llish Analyst Thinks Its Time to Short the Stock.

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Stock Market Today: Investors Raise Bets on December Rate Cut

[ Tue, Dec 03rd 2024 ]: Thomas Matters

10 Best Aluminum and Aluminum Mining Stocks To Buy

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Stock Market Today: Stocks End Mixed Ahead of Powell

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Wells Fargo says best time to own Ollie's Bargain passed, downgrades stock

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Money blog: Gordon Ramsay table booking hack slammed by hospitality chief

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Should Invesco NASDAQ 100 ETF (QQQM) Be on Your Investing Radar?

[ Tue, Dec 03rd 2024 ]: Thomas Matters

November Market Review

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Why Zscaler (ZS) Stock Is Trading Lower Today

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Brokers says these ASX dividend stocks are top buys

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Copa Holdings: The Most Undervalued Airline Stock To Buy

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Leadership Changes at Mobileye Global and Intel

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Investors should use any correction as an opportu .. n Magnificent 7 stocks, NYU valuation expert says

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Carvana (CVNA) Is Up 0.41% in One Week: What You Should Know

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Why Joby Aviation Stock Is Sinking Today

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Here's Why ResMed (RMD) is a Strong Momentum Stock

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Super Micro Computer Just Made a Big Announcement .. he Stock Is Soaring -- Is It Finally Time to Buy?

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Billionaire Izzy Englander Loaded Up on This Warren Buffett ETF in Q3. Should You Buy It, Too?

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Michael Saylor Reveals Major Reason Behind MicroStrategy's 'Bitcoin Strategy'

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Here's Why Rogers Communication (RCI) is a Strong Growth Stock

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Why This 1 Value Stock Could Be a Great Addition to Your Portfolio

[ Tue, Dec 03rd 2024 ]: Thomas Matters

Stock market today: Wall Street hangs near its records

'FY25 will be one of the weakest years': What Goldman Sachs says on UltraTech, ACC & Ambuja Cements

Goldman Sachs suggested a 12-month target price of Rs 12,460 for UltraTech Cement, Rs 1,985 for Dalmia Bharat, Rs 2,345 for ACC, Rs 575 for Ambuja Cements and Rs 27,670 for Shree Cement.
Goldman Sachs has forecasted that FY25 will be one of the weakest years for the Indian cement sector, predicting a significant slowdown in volume growth to 6% from 11% in FY24. This outlook is attributed to a high base effect, a slowdown in government spending, and a lack of significant capacity additions. Specifically for major cement companies, Goldman Sachs has set a target price of Rs 11,000 for UltraTech Cement, Rs 2,600 for ACC, and Rs 600 for Ambuja Cements. The report suggests that while there might be some relief in pricing due to lower fuel costs, the overall market conditions remain challenging. Additionally, the brokerage firm has downgraded UltraTech Cement to 'Neutral' from 'Buy', while maintaining 'Sell' ratings for both ACC and Ambuja Cements, citing concerns over valuation and expected earnings growth.

Read the Full Business Today Article at:
[ https://www.businesstoday.in/markets/stocks/story/fy25-will-be-one-of-the-weakest-years-what-goldman-sachs-says-on-ultratech-acc-ambuja-cements-456120-2024-12-04 ]