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ACC & Ambuja: No concrete gains ahead
The recent stock outperformance, coupled with demand and margin headwinds, suggests the upsides for the two cement majors are capped. Expectations of a good performance, on the back of pricing discipline, has helped the stocks of major cement players like ACC and Ambuja outperform the Sensex since the start of July. However, valuations are not cheap at the current levels and analysts say there could
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