BUZZ — Antique initiates India's JSW Cement with 'buy', sees it benefiting from slag access

* Cement manufacturing company JSW Cement stands apart from peers due to its long-term access to slag, a by-product generated during steel manufacturing, Antique Stock Broking * Brokerage initiates with "Buy" rating, sets target price of 140 rupees * Structural edge cushions earnings against swing in grey cement prices and fuel costs, says brokerage * JSW Cement "has one of the industry's most aggressive expansion plans providing strong volume growth visibility" - Antique * But, co's profitability may remain range-bound given sizeable exposure to less profitable South and East markets and upfront costs of entering North and Central regions * 16 analysts on average rate the stock "Buy", media TP of 148 rupees — data compiled * JSWC DOWN 0.5% at 111.50 rupees; YTD, shares down 6.4% (Reporting by Saikeerthi in Bengaluru) ((mailto:Saikeerthi@thomsonreuters.com;)