Cement Stocks Outlook for the week – 05 to 09.Oct.2015
(Seen
trading up next week on price hikes)
Stocks
of major cement companies are seen rising next week on the back of price hikes
in the northern region in September. We expect that there have been few
consecutive price hikes last month leading to hikes by as much as 40-60 rupees
per bag in Rajasthan and Punjab.
Companies
with higher exposure to north, central and Gujarat are expected to see a boost in
realisations on quarter. The shares of Shree Cement, Ambuja Cement, JK Lakshmi Cement
and JK Cement are likely to see a 5% uptick going ahead.
