Cement stocks, excluding a few such as ACC and Ambuja, have corrected by 25-40% over the last six months, driven by a muted pricing scenario in a cost inflationary environment. But the current trading multiple of the sector is higher than the long-term median multiple. Still, analysts remain positive on UltraTech, Ambuja, ACC, Dalmia Bharat, Shree Cement and JK Lakshmi Cement.