CLSA Upgrades Dalmia and ACC Amid Optimistic Outlook for Cement Sector

Global brokerage firm CLSA expressed a "constructive" view on the cement industry prospects while upgrading ratings on Dalmia Bharat and ACC. Favourable demand dynamics, improvement in operational efficiency, and solid infrastructure investments would drive growth for the sector, according to the firm. CLSA believes that the Indian cement industry is well-positioned to be a beneficiary of government initiatives and an increase in private construction activity. Therefore, Dalmia and ACC should be strong market performers. Investors are advised to watch these stocks closely.

Source: Economic Times.