Cement Stocks on the Rise: Ambuja, NCL, India Cements and Ramco Cements Poised for 13% Upside Potential
AI Summary1 min read
TL;DR
Indian cement stocks like Ambuja, India Cements, Ramco, and NCL show strong Q2 growth from rural demand, with brokerages forecasting continued strength and 11.5-13% upside potential.
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Cement StocksAmbuja CementsIndia CementsRamco CementsNCL Industries
Indian cement producers delivered strong Q2 performance due to strong rural activity and construction. Brokerages expect the second half to remain strong. Technical charts favor Ambuja Cements, India Cements, Ramco Cements, and NCL Industries, with potential upside of 11.5% to 13%.
