Broker’s call: Ambuja Cements (Sell)

We maintain a Sell rating on ACEM, citing key concerns such as intensifying competition, low capacity utilisation of acquired companies and longer-than-expected timelines for realising cost savings.  | Photo Credit: AMIT DAVE Target: ₹453 CMP: ₹531.80 Ambuja Cement’s (ACEM) consolidated Q4FY25 numbers were above our and street estimates, driven by higher incentives included in revenue…

AfD classified as extreme-right by German intelligence

Germany’s Alternative für Deutschland (AfD) party has been designated as right-wing extremist by the country’s federal office for the protection of the constitution. “The ethnicity- and ancestry-based conception of the people that predominates within the party is not compatible with the free democratic order,” the domestic intelligence agency said in a statement. The AfD came…