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Street Signs: Cement back in vogue, brokerages go slow on ads, and more

The domestic broking industry has seen a sharp decline in new account openings in the past two months

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
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People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)

Sundar SethuramanSamie Modak
Investor interest in cement stocks cast in concrete

Cement stocks are catching investor eye amid hopes of improved demand and fall in oil prices. Brent crude hit a six-month low last week. Crude prices have a bearing on major raw materials in the cement sector. Analysts said a recent correction in other key raw material prices should start easing cost pressures from the third quarter of this financial year (2022-23). Moreover, a pick-up in monsoon bodes well for demand in the medium term. UltraTech, JK Cement, Dalmia Cement, Birla Corporation, and JK Lakshmi Cement are likely to gain.

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First Published: Aug 22 2022 | 6:15 AM IST

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