Cement Stocks Outlook For The Week - 28.05.2018 To 01.06.2018
Stocks of cement companies are likely to gain next week as they look positive on technical charts. ACC (Ltd) and Ambuja (Cements Ltd) have been falling for last two-three weeks and both the stocks are likely to see a sharp bounce-back. Besides, Grasim and UltraTech are also looking strong. We remain positive on cement companies in the medium-to long-term due to greater thrust given by the
government to infrastructure projects and a likely rise in rural spending due to possibility of normal
monsoon rains this year.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are likely to gain next week as they look positive on technical charts. ACC (Ltd) and Ambuja (Cements Ltd) have been falling for last two-three weeks and both the stocks are likely to see a sharp bounce-back. Besides, Grasim and UltraTech are also looking strong. We remain positive on cement companies in the medium-to long-term due to greater thrust given by the
government to infrastructure projects and a likely rise in rural spending due to possibility of normal
monsoon rains this year.
Source : Cogencis Information Services Ltd.
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