Cement Stocks Outlook for the week - 08 to 12.05.2017
Cement Stocks Outlook for the week - 08 to 12.05.2017
The shares of cement companies are seen mixed next week as realisations of companies in the sector have declined in the quarter ended March. The results of the cement companies (ACC, Ambuja Cements and UltraTech Cement) have been a mixed bag and the valuations look stretched. However, the government's push to affordable housing is seen boosting cement demand. All the states ruled by BJP have been aggressively pushing affordable housing. This will revive demand in Uttar Pradesh and Madhya Pradesh, and Prism Cement will be in the best position to take advantage of it. High prices of pet coke will remain a concern and companies will have to pass on the hike to consumers. The Cement companies have been increasing prices since February in different parts of the country. Cement prices had fallen post the government's decision to demonetise old 500- and 1,000-rupee currency notes on Nov 9 to curb the black money menace. These price hikes are seen aiding cement makers margins.
Source : Cogencis Information Services Ltd.
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Cement Stocks Outlook for the week - 08 to 12.05.2017
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Source : Cogencis Information Services Ltd.
