Bengaluru, July 15 -- India's cement sector is drawing renewed attention from global brokerages as pricing power returns to the industry after a prolonged stretch of cost pressure. With election-related disruptions in a few states now behind it and government capex continuing to expand, one of the country's mid-sized cement players has caught the market's eye following a quarter that beat expectations on operating profitability, prompting a fresh round of earnings upgrades.

With a market capitalization of Rs. 13,940 crore, the shares of Nuvoco Vistas Corporation Limited were trading at Rs. 398 per share, with a 52-week range of Rs. 477.50 to Rs. 276.25, and they are trading at a P/E of approximately 33x. The stock jumped 16 percent after...