Cement Stocks Outlook for the week – 11 to 15.01.2016
(Seen
in narrow range on persistent poor demand)
( www.rupeedesk.in )
Shares
of cement making companies are likely to continue trading in a
tight
range with a negative bias next week as demand for the building
material
remains weak.
The
all India average price of cement declined sharply by around 4%
month-on-month
in December, as prices corrected in all regions barring
the
south of India, as demand has not picked up.
Among
mid-cap cement companies, JK Cement is likely to gain when
demand
rises in south India as it has a better presence in that market, and
similarly,
JK Lakshmi Cement is likely to gain when demand rebounds in
north
India.