GOLDEN RULES FOR TRADING

Cement Stocks Outlook for the week – 27 to 30.04.2015

Cement Stocks Outlook for the week – 27 to 30.04.2015

Stocks of major cement manufacturers are seen continuing to trade in the red next week and the market will await the Jan-Mar earnings of UltraTech Cement and Ambuja Cements for cues.

Ultratech Cement will report Jan-Mar earnings on Saturday and Ambuja Cements will declare its earnings on Wednesday. The companies are the country's two largest cement manufacturers. Smaller manufacturer Shree Cement will also report its Jan-Mar earnings on Wednesday. Demand for cement has been weak and companies have not been able to exercise much pricing power due to which their earnings are expected to be weak.


Cement stocks have been under selling pressure for the past few weeks and the short-term outlook for them is negative, as they have so far underperformed the broader indices.