India stands proudly as the second-largest producer of cement globally, boasting over 8% of the global installed capacity. With a surge in infrastructure development anticipated in the coming years and government initiatives such as smart city projects and industrial sector expansions, the demand for cement is set to soar. Consequently, cement stocks have garnered significant attention from investors seeking to capitalize on this burgeoning sector. In this article, we delve into the top cement stocks poised for growth in 2024.
Best 5 Cement Stocks to Invest in 2024 Cement stocks represent shares in companies engaged in manufacturing cement and related construction products. Indian cement firms rank among the world’s foremost manufacturers. Here’s a curated list of the top 5 cement stocks for online investment in 2024:
- UltraTech Cement Ltd
- UltraTech, the flagship cement company of the Aditya Birla Group and a subsidiary of Grasim, focuses primarily on cement manufacturing and related products.
- Remarkably, UltraTech stands out as the sole cement company (excluding China) with a cement manufacturing capacity exceeding 100 MTPA within a single country.
- UltraTech Cement Share Price as of Feb 2024: ₹9700+
- Market Cap: ₹2,84,425.00 Cr
2. Ambuja Cement
- Ambuja Cement distinguishes itself as India’s first Water Positive Cement Company, ranking among the nation’s top cement producers.
- Operating through six integrated cement manufacturing plants and eight cement grinding units across India, Ambuja Cement maintains ISO 14001 certification for its manufacturing facilities.
- Ambuja Cement Share Price as of Feb 2024: ₹560+
- Market Cap: ₹1,12,854.00 Cr
3. JK Cement
- Leading the global market in grey and white cement production, JK Cement commenced operations in May 1975 in Nimbahera, Rajasthan.
- With a presence in 43 countries worldwide, JK Cement, along with its subsidiaries JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd, markets and supplies cement internationally.
- JK Cement Share Price as of Feb 2024: ₹4200+
- Market Cap: ₹32,663.20 Cr
4. ACC Limited
- ACC Limited ranks among India’s premier manufacturers of cement and ready-mixed concrete, catering to diverse construction needs such as buildings, railways, and bridges.
- Boasting a legacy of eight decades, ACC is renowned for delivering high-quality products.
- ACC Share Price as of Feb 2024: ₹2600+
- Market Cap: ₹49,158.00 Cr
5. Shree Cement
- Established in Jaipur on October 25th, Shree Cement commenced production on May 1st, 1985, focusing on cement production and sales.
- Recognized as one of India’s Top 100 Best Places to Work by the Great Places to Work Institute in 2020, Shree Cement exemplifies excellence in its operations.
- Shree Cement Share Price as of Feb 2024: ₹27148+
- Market Cap: ₹98,298.20 Cr
Conclusion: Cement stocks emerge as a compelling choice for investors seeking portfolio diversification. With government support for housing and infrastructure projects, the cement sector presents considerable potential for long-term growth. The highlighted top cement stocks provide promising investment opportunities. Explore investment avenues via Dhan, offering a plethora of features and a lightning-fast app for seamless investing.
Disclaimer: This is partner content and no Digpu news journalist is involved in its creation.