Cement stocks rally on bullish outlook

Cement stocks rally on bullish outlook

Stocks of cement companies such as Ambuja Cement, Grasim, ACC, etc., rallied as global brokerage houses like CLSA and Goldman Sachs turned bullish on the sector after July´s production numbers rose 16.5% year-on-year (yoy), the strongest in the past 32 months. The demand may rise further as many infrastructure projects are yet to take off.

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