Citi flags FY27 pain for cement sector; Ultratech, JSW Cement top picks as Grasim, Shree, Dalmia earn ‘Buy’ calls, Ramco gets ‘Sell’ tag – Markets
Citi has sounded a note of caution on India’s cement sector, warning that FY27 could prove to be a challenging year amid weak pricing trends, declining profitability metrics, and demand headwinds linked to slower government spending and a potentially weak monsoon. While the brokerage sees near-term pressure on utilization levels and margins, it remains constructive…
