For cement manufacturers, the primary concern is the sudden spike in energy costs as the industry relies heavily on imported fuel, which is now becoming significantly more expensive
Following the announcement, the Nifty Consumer Durables index surged 4.48 per cent to hit 35,678 levels during intraday trading on Wednesday
Higher crude prices are pushing up the cost of petrochemical-based inputs such as plastics, resins, insulation materials, and packaging, while also inflating fuel and logistics expenses
Shares of midcap and smallcap companies came under pressure on Monday as Rising tensions between the US-Israel and Iran have raised concerns about potential disruptions to global oil supply
Anand Rathi has assigned 'Buy' ratings to most building material stocks, with Supreme Industries, Cera Sanitaryware, and Greenpanel Industries as its preferred picks
Elara Capital analyst Amit Purohit said some players in the sector could still deliver double-digit volume growth despite broader demand headwinds.
Kajaria Ceramics has terminated the concerned executive, filed a police complaint, initiated recovery efforts, and indicated it may commission a forensic review