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Following the upgrades, Ultratech shares jumped 3.5% to hit a 52-week high of Rs 10,379.70 on BSE. Dalmia Bharat stock rose 3% to Rs 2,301.70, while that of The Ramco Cements went up by 5% to Rs 1,037.45. Shree Cement was also trading about 1% higher. ....
Centrum Broking has downgraded Heidelberg Cement, JK Lakshmi Cement Ltd, Sagar Cements and Ultratech Cement by one notch. The brokerage has three 'buys', two 'Add', four 'Reduce' and three 'Sell' ratings within the cement sector.
Top Cement stocks: Cement demand is expected to grow at a CAGR of 9% over FY23-FY25E. Despite companies adding capacities, cement demand will outpace the cement supply but pricing is likely to remain under pressure. Ultratech Cement, JK Cement, or Birla Corporation, watch this Visual Story to know which cement stock to buy. ....