Cement Sector Weekly Report – 13.11.2017 To 17.11.2017
Cement Sector Weekly Report – 13.11.2017 To 17.11.2017
Stocks of cement companies are seen trading mixed next week, with UltraTech Cement Ltd expected to gain, while ACC Ltd and Ambuja Cements Ltd could fall. stock of JK Cement Ltd will be in focus next week, as the earnings for the September quarter. This week, India Cements Ltd, Dalmia
Bharat Ltd and JK Lakshmi Cement Ltd reported earnings that beat estimates, while Shree Cement Ltd's net profit was below the consensus estimate. We expect remain positive about the cement sector in the medium- to long term, expecting demand for the commodity to improve because of the government's focus on infrastructure. Besides, a good monsoon is also seen boosting rural income which would lead to higher demand for cement. Dalmia Bharat, while announcing its September quarter results, said that infrastructure and affordable housing would lead to strong cement demand going ahead. The profitability of large cement companies would depend on their ability to pass on the increasing costs to customers
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Cement Sector Weekly Report – 13.11.2017 To 17.11.2017
Stocks of cement companies are seen trading mixed next week, with UltraTech Cement Ltd expected to gain, while ACC Ltd and Ambuja Cements Ltd could fall. stock of JK Cement Ltd will be in focus next week, as the earnings for the September quarter. This week, India Cements Ltd, Dalmia
Bharat Ltd and JK Lakshmi Cement Ltd reported earnings that beat estimates, while Shree Cement Ltd's net profit was below the consensus estimate. We expect remain positive about the cement sector in the medium- to long term, expecting demand for the commodity to improve because of the government's focus on infrastructure. Besides, a good monsoon is also seen boosting rural income which would lead to higher demand for cement. Dalmia Bharat, while announcing its September quarter results, said that infrastructure and affordable housing would lead to strong cement demand going ahead. The profitability of large cement companies would depend on their ability to pass on the increasing costs to customers
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