UltraTech Cement, Ambuja Cements, and JK Cement have received ‘buy’ ratings from JM Financial due to promising growth prospects amid sector recovery driven by infrastructure and housing initiatives. UltraTech is highlighted for its robust strategy, while Ambuja and JK Cement show significant upside potential. The industry’s consolidation and cost optimization are set to enhance profitability over the coming years.
Onion prices rise 20% in past two weeks as rains damage crop
Pune’s onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals.
June 2, 2025