Nomura favors Ambuja and Ultratech Cement due to improving spreads, rising demand, and easing fuel costs. Large caps with sustainable cost-saving measures are well-positioned for earnings growth. Despite price discipline concerns, volume growth is strong. Nomura advises reducing Dalmia Bharat, ACC, and Nuvoco due to margin weaknesses.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets