Cement Stocks Outlook For The Week - 02 to 06.04.2018
The shares of cement companies are seen falling next week due to concerns over prices despite an expected increase in demand. While demand is expected to grow 7-8% annually between 2017-18 (Apr-Mar) and 2019-20, the capacity utisation of companies is expected to be around 75% during the period, limiting their pricing power. Shares of UltraTech Cement Ltd may gain next week as the company said it has received approval from the Competition Commission of India for its bid for bankrupt Binani Cement Ltd. In the broader market, benchmark indices are likely to remain subdued on global cues and as investors await the outcome of the Reserve Bank of India's two-day monetary policy meeting next week.
Source : Cogencis Information Services Ltd.
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The shares of cement companies are seen falling next week due to concerns over prices despite an expected increase in demand. While demand is expected to grow 7-8% annually between 2017-18 (Apr-Mar) and 2019-20, the capacity utisation of companies is expected to be around 75% during the period, limiting their pricing power. Shares of UltraTech Cement Ltd may gain next week as the company said it has received approval from the Competition Commission of India for its bid for bankrupt Binani Cement Ltd. In the broader market, benchmark indices are likely to remain subdued on global cues and as investors await the outcome of the Reserve Bank of India's two-day monetary policy meeting next week.
Source : Cogencis Information Services Ltd.
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