16 Sep 2025 | 5 Mins Read
HSBC expects significant gains from certain cement stocks
Flipitmoney
HSBC maintained a bullish outlook on India's cement sector, recommending five stocks for a potential rise. UltraTech Cement is the top pick with a 'Buy' rating and Rs 15,410 target price. Other recommendations include Ambuja Cements ('Buy' with Rs 700 target), Dalmia Bharat ('Buy' with Rs 2,900 target), and Shree Cement ('Hold' with Rs 32,200 target). Demand recovery is expected in FY26.