Cement Stocks Outlook For The Week - 21 To 25.05.2018

Cement Stocks Outlook For The Week - 21 To 25.05.2018

             Equity Cash/Futures/Options Segment 

Stocks of cement companies are likely to fall next week as they look negative on technical charts.
UltraTech (Cement Ltd) and Grasim (Industries Ltd) are looking negative. ACC (Ltd) and Ambuja
(Cements Ltd) are likely to trade sideways with negative bias. Remaining positive on the sector in the
medium to long term as the government's increased spending on infrastructure is seen supporting
demand for cement. Forecast of a good monsoon is also seen boosting demand by increasing rural spending. Shares of Ramco Cements Ltd and HeidelbergCement India Ltd will be in focus next week as they will report their Jan-Mar earnings results on Wednesday and Thursday, respectively.

Source : Cogencis Information Services Ltd.

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