Bernstein upgrades Ambuja Cements to 'Outperform', indicating that the valuation gap between the leading player and its competitor is too large to sustain.

Ambuja Cements is expected to maintain its leadership position in the cement sector despite a projected decline in demand and profitability pressures in Q1 FY27, with a cautious outlook on margins due to elevated bag costs and power and fuel cost pressures.

Ambuja Cements is mentioned as a significant player in the cement sector, with expectations of demand revival in the latter half of FY27, despite current pressures on margins and pricing.