JM Financial bets on UltraTech, Ambuja & JK Cement amid cement sector revival
Amid a sector-wide revival for cement stocks driven by infrastructure growth and government housing initiatives, UltraTech Cement, Ambuja Cements and JK Cement have emerged as top picks for brokerage firm JM Financial as it initiated coverage on five major cement stocks with ‘buy’ ratings, with a focus on their strong growth prospects, cost optimization strategies,…