Ambuja Cement is Nirmal Bang's top stock bet in the cement sector, with Ramco Cements and Nuvoco Vistas as close contenders.
The Indian cement industry is expected to see steady growth in FY26, supported by various structural and cyclical factors.
Companies under Nirmal Bang's coverage are projected to grow by over 7%, attributed to recovering construction activity, improving rural demand, sustained traction in real estate, and increased government spending.