Cement Stocks Outlook for the week – 21 to 25.03.2016
Seen
range bound with positive bias next week
( www.rupeedesk.in )
Stocks
of cement makers are expected to trade in a range next week but with a positive
bias as most
companies,
particularly the big ones--ACC, Ambuja Cements and UltraTech Cement--are
expected to trade positively. The current value of major cement companies are
low and serve as attractive entry point for investors. The Ambuja Cement
Company’s current valuations are relatively inexpensive, considering its strong
retail franchise and size as India's second largest cement maker.
The
company is also valued for its strong regional presence in the country. Even
UltraTech Cement
shares
are seen in positive light. UltraTech Cement offers the best opportunity to
play the cement
sector
in India and the stock can continue to outperform in the near term. Cement
demand across the
country continues to
remain weak. This month, cement prices rose across regions.