<ul data-eligibleForWebStory="false"><li>HDFC Securities has Buy ratings on UltraTech, Dalmia Bharat, Nuvoco Vistas, Birla Corp, JK Lakshmi, and Star Cement, Add rating on ACC, Ambuja among others.</li><li>Cement demand in Q1 FY26 has been subdued with a growth of around 4-5% YoY, primarily due to early monsoon onset in India.</li><li>HDFC Securities predicts a 7% YoY volume growth for its coverage universe in Q1 FY26, citing Cement's pricing gain in this quarter as the highest in the past nine quarters.</li></ul>

UltraTech, JK Lakshmi: HDFC Securities Top Stock Pick In Cement Sector; Q1 Results Preview

Discover more