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Q2 earnings: What to expect from cement sector

Updated : October 14, 2020 08:07 PM IST

UltraTech, Ambuja Cements and even ACC continues to be attractive in the range of 10-12 times one year forward EV/EBITDA, Navin Sahadeo, research analyst at Edelweiss told CNBC-TV18.

“Our pick of the pack is Ambuja Cements in the largecap space and J. K. Cement in the midcap space primarily by the fact that on a year-on-year basis both these companies are expected to report a massive EBITDA growth in excess of 20-25 percent,” he said.

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