Stock market today: UltraTech Cement, Shree Cement, ACC, Ambuja Cements and others saw good profitability improvement in Q3 led by better prices and declining costs. The forward outlook remains strong and analysts expect volume growth to improve too. ACC, Ambuja, JK Cement are Nuvama s top picks
Cement manufacturers saw a strong rebound in earnings in the December quarter after a forgettable September quarter, when the industry was reeling under the impact of a steep rise in raw material costs