Tag: Cement

Nomura highlighted strong volume growth and reduced fuel costs in FY24. Cement stocks soared on December 27 following an upgrade by Nomura on anticipated robust growth in sales volume, improved pricing discipline, and advancement of valuations to FY26. The brokerage house upgraded Ultratech Cement, Dalmia Bharat, and Ramco Cement from ‘neutral’ to ‘buy’. Their one-year forward…