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Stocks of major cement makers are seen rangebound next week, and may take cues from the market trend. Investors are likely to wait and watch for Jan-Mar earnings before taking any further views about the sector. India's largest cement maker by capacity, UltraTech Cement, will detail its earnings on Apr 22. Other companies are expected to announce Jan-Mar earnings over the following weeks. Jan-Mar earnings of cement companies are seen muted. But that has mostly been factored in by investors. We will still watch out for companies' comments on outlook for near-term. Jan-Mar earnings of cement makers are seen muted as demand remained tepid during the quarter. This led companies to keep prices low despite Jan-Mar being a seasonally strong period. Steep input costs, higher freight charges, and low demand are likely to weigh on margins. Investors are likely to keep an eye on any announcements relating to price changes. Any price hike announcements will bring a significant upside in cement counters. But that seems very tough under current conditions.
Stocks of major cement makers are seen rangebound next week, and may take cues from the market trend. Investors are likely to wait and watch for Jan-Mar earnings before taking any further views about the sector. India's largest cement maker by capacity, UltraTech Cement, will detail its earnings on Apr 22. Other companies are expected to announce Jan-Mar earnings over the following weeks. Jan-Mar earnings of cement companies are seen muted. But that has mostly been factored in by investors. We will still watch out for companies' comments on outlook for near-term. Jan-Mar earnings of cement makers are seen muted as demand remained tepid during the quarter. This led companies to keep prices low despite Jan-Mar being a seasonally strong period. Steep input costs, higher freight charges, and low demand are likely to weigh on margins. Investors are likely to keep an eye on any announcements relating to price changes. Any price hike announcements will bring a significant upside in cement counters. But that seems very tough under current conditions.
