JM Financial bets on UltraTech, Ambuja & JK Cement amid cement sector revival

January 15, 2025

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.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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