Cement Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Stocks of cement companies are likely to down next week as the recent trend shows a negative bias for stocks, which is likely to continue. Most of the cement stocks are likely to fall next week unless any of them crosses the resistance level. Rising input costs and subdued demand are a concern for cement companies. However, we remain positive on the sector in the long term as they expect cement demand to grow with higher infrastructure spending by central and state governments in the election year Lok Sabha elections are schedule to be held in Apr-May. Forecast of a normal monsoon is also a positive for the cement sector as good monsoon increases rural spending, which in turn leads to a rise in cement demand.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are likely to down next week as the recent trend shows a negative bias for stocks, which is likely to continue. Most of the cement stocks are likely to fall next week unless any of them crosses the resistance level. Rising input costs and subdued demand are a concern for cement companies. However, we remain positive on the sector in the long term as they expect cement demand to grow with higher infrastructure spending by central and state governments in the election year Lok Sabha elections are schedule to be held in Apr-May. Forecast of a normal monsoon is also a positive for the cement sector as good monsoon increases rural spending, which in turn leads to a rise in cement demand.
Source : Cogencis Information Services Ltd.
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