UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Finance Minister Nirmala Sitharaman recently hinted at a Rs 100 trillion infrastructure drive to be unveiled in the coming weeks in a bid to kick-start the waning economy. The move follows abysmal gross domestic product (GDP) for the September quarter which sank to over six-year low of 4.5 per cent. READ HERE

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

According to India Ratings and Research, the Indian arm of Fitch Group, combined capital