Buy UltraTech, JK Cement shares; sector set to recover: Jefferies

Global brokerage firm Jefferies said the performance of Indian cement companies is likely to recover in the second half of the current fiscal year (FY25) as prices bottom out and demand continues to grow. The brokerage said that it prefers UltraTech Cement among the large-cap stocks and JK Cement among the mid-cap stocks.