Cement Stocks Outlook For The Week - 09 to 13.10.2017
Cement Stocks Outlook For The Week - 09 to 13.10.2017
( www.rupeedesk.in )
The stocks of cement companies are seen gaining next week on likely rise in demand. Cement demand, which had been subdued since June because of the monsoon and the implementation of the goods and services tax and the Real Estate Regulation Act, is expected to recover this month. ACC Ltd and Ambuja Cements Ltd had hiked prices in Mumbai by 2%, and JK Lakshmi Cement Ltd had increased price by 8% per 50-kg bag because of better sales. Monsoon and disruptions due to GST are over. RERA (Real Estate Regulation Act) is also settled and the pace of construction should go up now. We expect demand and price to go up in coming months. The ratings agency ICRA, while revising its growth forecast last week for cement to 3.5-4.0% from 5%, had said cement demand is expected to improve from October. The demand for affordable housing and rural housing, along with the increased focus on infrastructure by the government will drive up demand which may lead to a hike in price of the commodity. Cement stocks are looking positive. There is a scope for further upside in all of them.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
The stocks of cement companies are seen gaining next week on likely rise in demand. Cement demand, which had been subdued since June because of the monsoon and the implementation of the goods and services tax and the Real Estate Regulation Act, is expected to recover this month. ACC Ltd and Ambuja Cements Ltd had hiked prices in Mumbai by 2%, and JK Lakshmi Cement Ltd had increased price by 8% per 50-kg bag because of better sales. Monsoon and disruptions due to GST are over. RERA (Real Estate Regulation Act) is also settled and the pace of construction should go up now. We expect demand and price to go up in coming months. The ratings agency ICRA, while revising its growth forecast last week for cement to 3.5-4.0% from 5%, had said cement demand is expected to improve from October. The demand for affordable housing and rural housing, along with the increased focus on infrastructure by the government will drive up demand which may lead to a hike in price of the commodity. Cement stocks are looking positive. There is a scope for further upside in all of them.
UltraTech Cement - Up
Shree Cement - Up
Ambujacem - Up
Ambujacem - Up
IndiaCem - Up
ACC - Up
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Source : Cogencis Information Services Ltd.
