Cement Stocks Outlook For The Week - 22 To 26.10.2018
Stocks of cement companies are seen trading mixed next week, in the absence of any major triggers. ACC is looking strong. Rest of the stocks are likely to take cues from broader markets. Benchmark share indices are expected to be volatile as well, taking cues from earnings of heavyweights like ITC, Kotak Mahindra Bank, ICICI Bank, Maruti Suzuki India and Bharti Airtel. Slow global growth and geopolitical tensions between the US and Saudi Arabia are seen hampering sentiment. Investors will also eye Ambuja Cements as the company is scheduled to detail its Jul-Sep earnings on Tuesday. The cement manufacturer is expected to post a net profit of 2.8 bln rupees on net sales of 25.3 bln rupees.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are seen trading mixed next week, in the absence of any major triggers. ACC is looking strong. Rest of the stocks are likely to take cues from broader markets. Benchmark share indices are expected to be volatile as well, taking cues from earnings of heavyweights like ITC, Kotak Mahindra Bank, ICICI Bank, Maruti Suzuki India and Bharti Airtel. Slow global growth and geopolitical tensions between the US and Saudi Arabia are seen hampering sentiment. Investors will also eye Ambuja Cements as the company is scheduled to detail its Jul-Sep earnings on Tuesday. The cement manufacturer is expected to post a net profit of 2.8 bln rupees on net sales of 25.3 bln rupees.
Source : Cogencis Information Services Ltd.
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