ACC, UltraTech, Ambuja Cement: Is it a good time to buy cement stocks?

Financial results for the fourth quarter ended March 2019 (Q4FY19) have been a mixed bag with some companies across the sectors disappointing Street with their below-than-expected numbers as well as cautious guidance. 

Cement companies, however, have been outliers. Notable names in the space such as Ultratech Cement, Ambuja Cements, Orient Cement, Star Cement, and Prism Johnson have delivered robust performance during the recently-concluded quarter, thanks to healthy demand and the recent hike in prices.

So, is the sector a good bet from the investment point of view?

A slew of tailwinds such as government's focus on infrastructure, implementation of ‘Housing