Cement stocks experienced a rally on December 2, led by Ultratech Cement, which rose over 3% to become the top gainer on the Nifty 50. Jefferies forecasts an 8-10% volume growth in H2FY25, driven by improved demand and government capital expenditure revival, with Ultratech and JK Cement identified as top picks. Other companies like Shree Cement and ACC also saw gains of 2-3%.
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