Time to get back to basics? 5 cement stocks with an upside potential of up to 28%

Cement is one of the sectors where demand has a strong correlation with government spending. That is the reason why the sector has seen a strong revival in actual business in recent years. However, in the last few months, due to elections and the model code of conduct being in force now and then, there has been pressure on sectors tied to government spending. In fact, the dip in GDP numbers may well be partly attributed to lower government spending. Now with elections over in all economically-significant states, there are chances that infrastructure spending will receive a big push. The coming quarter may thus see the focus shift back to sectors where things were under pressure for some time.