Cement Stocks Outlook For The Week - 21 To 25.01.2019
Stocks of cement companies are likely to trade mixed during the next week as some parts of India
witnessed signs of increase in cement prices during Oct-Dec, which would aid realisations of cement
companies. However, investors may wait till the cement-major UltraTech Cement announce its Oct-Dec earnings due Thursday. UltraTech Cement will announce its earnings on Thursday. We expect an
improvement of 100-150 basis points in the operating profit margin of the company, led by lower cost of raw materials during the reporting quarter. Shree Cement will detail its earnings on Tuesday, and we see its Oct-Dec net profit falling 34% on year. The demand scenario is seen improving in Jan-Mar ahead of the General Elections as a boost in construction activity is expected. We will also closely watch the developments in the next GST Council meet. Finance Minister Arun Jaitley had earlier indicated that moving cement to a lower GST slab is a priority.
Source : Cogencis Information Services Ltd.
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Stocks of cement companies are likely to trade mixed during the next week as some parts of India
witnessed signs of increase in cement prices during Oct-Dec, which would aid realisations of cement
companies. However, investors may wait till the cement-major UltraTech Cement announce its Oct-Dec earnings due Thursday. UltraTech Cement will announce its earnings on Thursday. We expect an
improvement of 100-150 basis points in the operating profit margin of the company, led by lower cost of raw materials during the reporting quarter. Shree Cement will detail its earnings on Tuesday, and we see its Oct-Dec net profit falling 34% on year. The demand scenario is seen improving in Jan-Mar ahead of the General Elections as a boost in construction activity is expected. We will also closely watch the developments in the next GST Council meet. Finance Minister Arun Jaitley had earlier indicated that moving cement to a lower GST slab is a priority.
Source : Cogencis Information Services Ltd.
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