“Despite near-term headwinds for the cement sector, Ashutosh Murarka favours Nuvoco Vistas and UltraTech Cement. Nuvoco Vistas is preferred due to its acquisition of Vadraj Cement, which adds 6 million tonnes of capacity in an underpenetrated region, offering volume upside and a better premium product mix. UltraTech Cement is favoured for its scale and strong execution track record.”