Cement Stocks Outlook For The Week – 05 to 09.02.2018
The shares of cement companies are seen trading in range next week and are likely to take cues from broader market. The measures announced in Union Budget for 2018-19 (Apr-Mar) Thursday are seen strengthening demand for cement as the government continued to focus on infrastructure creation. While the allocation for roads and bridges was raised 17% to 594 bln rupees, the capital outlay for railways was also increased to 1.48 trln rupees from 1.31 trln rupees in the previous year. The government also allocated 275 bln rupees to affordable housing and set a target of building 5.1 mln rural houses in 2018-19, which will increase the demand for cement. Investors will also keep an eye on Oct-Dec earnings of cement companies. Amongst major cement manufacturers, ACC Ltd will declare its results for the quarter ended December on Feb 8, while Dalmia Bharat Ltd will announce its results on Feb 7.
Source : Cogencis Information Services Ltd.
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The shares of cement companies are seen trading in range next week and are likely to take cues from broader market. The measures announced in Union Budget for 2018-19 (Apr-Mar) Thursday are seen strengthening demand for cement as the government continued to focus on infrastructure creation. While the allocation for roads and bridges was raised 17% to 594 bln rupees, the capital outlay for railways was also increased to 1.48 trln rupees from 1.31 trln rupees in the previous year. The government also allocated 275 bln rupees to affordable housing and set a target of building 5.1 mln rural houses in 2018-19, which will increase the demand for cement. Investors will also keep an eye on Oct-Dec earnings of cement companies. Amongst major cement manufacturers, ACC Ltd will declare its results for the quarter ended December on Feb 8, while Dalmia Bharat Ltd will announce its results on Feb 7.
Source : Cogencis Information Services Ltd.
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