Cement Stocks Outlook for the week – 25 to 29.04.2016
(ACC,
UltraTech, Ambuja Jan-Mar earnings eyed)
( www.rupeedesk.in )
Shares
of cement manufacturing companies are seen taking cues next week from the
Jan-Mar
earnings of ACC, Ambuja Cements, and UltraTech Cement, the country's three
biggest
makers of the building material.
While
UltraTech Cement will announce its Jan-Mar earnings on Monday, ACC and
Ambuja
Cements will declare their Jan-Mar earnings on Thursday.
Low
demand for the building material in the country is seen affecting Cement
companies'
Jan-Mar earnings. The drought condition in large parts of the country is also
seen
affecting cement companies' near-term performance.
Shares
of cement companies will be affected in the near term due to shortage of water
in
rural areas and a muted demand in urban areas.
ACC
is seen reporting a 14.4% on-year fall in its Jan-Mar consolidated net profit
to
2.02
bln rupees. Ambuja Cements is seen reporting a 17% on-year fall in its Jan-Mar
net
profit to 2.64 bln rupees.