Cement Stocks Outlook For The Week - 24 To 28.12.2018
Stocks of cement companies are expected to move in a narrow range next week, in the absence of
any major triggers. The GST Council meeting scheduled on Saturday will be closely monitored by investors for any changes in GST rate for cement. In case there is no change in tax rate for cement, such stocks will track the broader market. Volumes are seen lower next week, as most foreign
investors have closed their positions ahead of the Christmas and New Year holidays. We don't expect
any change in cement prices next week. Financial markets will be closed on Tuesday for Christmas.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are expected to move in a narrow range next week, in the absence of
any major triggers. The GST Council meeting scheduled on Saturday will be closely monitored by investors for any changes in GST rate for cement. In case there is no change in tax rate for cement, such stocks will track the broader market. Volumes are seen lower next week, as most foreign
investors have closed their positions ahead of the Christmas and New Year holidays. We don't expect
any change in cement prices next week. Financial markets will be closed on Tuesday for Christmas.
Source : Cogencis Information Services Ltd.
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