Deven Choksey Backs Pan-India Cement Giants for Growth; Sees 15-20% Upside

• Market expert Deven Choksey holds a constructive view on the cement sector, favoring large pan-India players as demand is set to rise post-monsoon.
• Construction activity is expected to surge in Q3 and Q4, creating a positive environment for cement manufacturers.
• Choksey identifies UltraTech Cement and Adani Cements (ACC, Ambuja Cements, Orient Cement) as top picks, with Ambuja Cements particularly well-placed due to port connectivity.
• Despite uncertainty on immediate price hikes, the demand scenario remains robust, suggesting strong volume growth.
• He projects a 15-20% upside for these stocks over the next 12-15 months, recommending them for portfolio inclusion.

Why It Matters: Deven Choksey sees strong demand and 15-20% upside for pan-India cement players like UltraTech, Adani Cements.