Manoj Muralidharan Vayalar of IIFL told CNBC-TV18, "Cement has a weightage of around 1.28 percent on the Nifty, which we are expecting to go up to around 2.2 percent. So ACC and Ambuja Cements are topping the list. However, if one looks into cement as a sector we feel it has a weightage close to 3.5 percent. India Cements, UltraTech Cement, ACC and Ambuja Cements would be my top picks."
"I feel there is more upside not only for this sector into the Nifty, but overall because the percentage weightage can go up, so we are positive on that as a pack as well," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
