Street calm despite dip in cement prices

Analysts see buying opportunity on strong demand outlook

Cement prices, as anticipated, continued to decline in August, with the monsoon impacting construction. However, analysts are not reading much into this. In fact, they say any correction in stock prices of companies such as UltraTech Cement, Shree Cement, Ambuja Cements, ACC, Dalmia Bharat and others offer a buying opportunity for investors, given the expected increase in cement demand.

Although the all-India average price of a 50-kg bag fell by one to four per cent in August as compared to July, the average across regions is down four to five per cent in this quarter over the earlier one. Goods