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Feb 07 2013, 02:09 IST
investment bank cut its ratings on ACC, Ambuja Cements and UltraTech Cement to ‘equalweight’, while cutting its view on the cement industry to ‘in line’ from ‘attractive’.
Deutsche Bank upgrades Jubilant Foodworks
Deutsche Bank on Wednesday upgraded its ratings on Jubilant Foodworks to ‘buy’ from ‘hold’, saying the recent underperformance of shares did not properly factor in the fast food chain operator's ability to sustain strong earnings growth. Deutsche added that investor focus on slowing same store sales growth ignored Jubilant's huge opportunity to grow its business.
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