Cement Stocks Outlook For The Week – 11 To 15.12.2017
The stocks of cement companies are seen gaining next week on hopes of a recovery in demand for the commodity. ACC Ltd and Ambuja Cements Ltd are looking positive and are likely to gain. "The volatility seen in last two weeks is likely to continue in UltraTech, although it is also looking positive. Cement demand is seen increasing in Jan-Mar because of a pick up in affordable and rural housing, and infrastructure projects such as roads and irrigation. The Supreme Court had last month banned the use of petroleum coke in Rajasthan, Haryana and Uttar Pradesh to tackle pollution in these regions. The court had also asked other states and Union Territories to consider banning the fuel. Petroleum coke is used as a fuel in cement production and is cheaper than coal. The ban on petroleum coke will increase fuel price for companies. The passing of this increased price to consumer
means it wouldn't hurt their profits much.
Source : Cogencis Information Services Ltd.
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The stocks of cement companies are seen gaining next week on hopes of a recovery in demand for the commodity. ACC Ltd and Ambuja Cements Ltd are looking positive and are likely to gain. "The volatility seen in last two weeks is likely to continue in UltraTech, although it is also looking positive. Cement demand is seen increasing in Jan-Mar because of a pick up in affordable and rural housing, and infrastructure projects such as roads and irrigation. The Supreme Court had last month banned the use of petroleum coke in Rajasthan, Haryana and Uttar Pradesh to tackle pollution in these regions. The court had also asked other states and Union Territories to consider banning the fuel. Petroleum coke is used as a fuel in cement production and is cheaper than coal. The ban on petroleum coke will increase fuel price for companies. The passing of this increased price to consumer
means it wouldn't hurt their profits much.
Source : Cogencis Information Services Ltd.
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