Cement Stocks Outlook For The Week - 12 To 16.11.2018
Stocks of cement companies are seen trading on a mixed note next week in the absence of major triggers. ACC (Ltd) and UltraTech (Cement Ltd) are looking positive on technical charts. Other cement stocks are likely to trade sideways. There are concerns pertaining to earnings of cement companies due to low capacity utilisation, large capacity addition, and continued weakness
in the real estate market. We expect both demand for cement and prices of the commodity to
increase post Diwali.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are seen trading on a mixed note next week in the absence of major triggers. ACC (Ltd) and UltraTech (Cement Ltd) are looking positive on technical charts. Other cement stocks are likely to trade sideways. There are concerns pertaining to earnings of cement companies due to low capacity utilisation, large capacity addition, and continued weakness
in the real estate market. We expect both demand for cement and prices of the commodity to
increase post Diwali.
Source : Cogencis Information Services Ltd.
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