Page 5 - Cement Stocks

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

Cement shares extend gain: Shree Cement, Birla Corp rally over 10% in 1 wk

After a period of meaningful underperformance/valuation de-rating in the second half of last year, analysts at JP Morgan see the case for a positive trade for the stocks over the next few months.

Path still unclear for cement stocks amid subdued pricing, weak demand

While capital expenditure by government should aid demand in March quarter, a meaningful demand revival is unlikely anytime soon

Cement stocks in focus: UltraTech, ACC up over 3% on likely demand pick-up

Orient Cement, Star Cement, India Cements, JK Lakshmi Cement, HeidelbergCement India, Ramco Cements, Shree Cement and Dalmia Bharat from the S&P BSE 500 index were up more than 3 per cent each.

UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

Realisations still under pressure for cement firms as demand remains muted

With growth having shrunk 0.5 per cent year-on-year during FY20 so far, as per latest estimates, price recovery seems distant

Auto, cement shares rally up to 16% after FM 's fiscal booster dose

Eicher Motors and Maruti Suzuki India surged 16 per cent and 11 per cent, respectively in the intra-day trade today. Among the cement stocks, Shree Cement surged 14 per cent.

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

Near-term gains unlikely for cement stocks due to high valuations

The muted cement demand has continued even in June on the back of fewer government projects and labour and water shortage in a few states/regions, said analysts

ACC, UltraTech, Ambuja Cement: Is it a good time to buy cement stocks?

Notable names in the space such as Ultratech Cement, Ambuja Cements, Orient Cement, Star Cement, and Prism Johnson have delivered robust performance during the recently-concluded quarter.

Should you bet on cement stocks? Here's what technical charts indicate

Although cement stocks are trading lower from their respective lifetime highs, the trend is expected to change in the coming sessions

Volume growth concerns recede, realisation gains key for cement stocks

UltraTech and Shree Cement are top picks in a sector grappling with higher capacities

Cement stocks underperform, realisation improvement remains elusive

The rising pet coke and transportation costs remain a cause for concern and limit profitability improvement

Correction in cement shares is an investment opportunity

After multiple price increases since March, resulting in a rally, cement stocks such as UltraTech, ACC, Ambuja Cements and Shree Cement have fallen from their highs. This is on the back of concerns related to less inventory at the stockist level, ahead ofe implementation of the goods and services tax. Also, the onset of monsoon will impact offtake and is a dampener for the stocks. All corrections, however, are an opportunity to buy, given the improving realisations, better demand trajectory in the second half of the financial year and improving demand-supply equation over time, believe analysts.On realisations, analysts expect the June quarter numbers to be better than the March ones. This bodes well for profitability, particularly given the concerns on rising input costs. Costs of coal and petcoke have risen significantly over the past year and improving realisations are key to sustaining of profit.Deutsche Bank channel checks suggest cement prices are up eight per cent ...

Cement companies' stocks outperform markets in 2016

Surge even as demand outlook remains uncertain; firms have expectations from govt's infra push

Cement stocks down up to 5% on CCI fine

Competition Commission of India imposed Rs 6,715 crore penalty on 11 cement companies