New Delhi, March 27 -- India's cement sector is laying a solid foundation for growth, with stocks surging after a research report pointed to a sustained earnings upcycle. UltraTech Cement, the country's largest producer, has been at the forefront of this rally, continuing its trend of outperformance.

The momentum is fuelled by a recovery in infrastructure spending, industry consolidation, and rising prices-all of which favour dominant players. With government-led capex driving demand and competition weeding out smaller players, UltraTech is poised to gain further ground.

Read this | Is the cement sector consolidation at its fag end?

But challenges remain, from pricing pressures to its bold venture into the cables and wires (C&W) busine...