Page 9 - Cement Sector

Cement shares in demand; ACC hits fresh 52-week high, Shree Cement up 6%

Analysts expect the cement industry to witness positive growth in the second half (October-March) of the current fiscal led by strong demand from the sustainable rural trade segment.

Odisha govt approves investment proposals worth over Rs 1,851 crore

The projects got the go-ahead at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy.

After three price corrections, cement firms wait for hikes in Sept, Oct

Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising

Companies' total expenditure plummets 24% in three months to June

Some of this may have to do with pruning of some costs that they would have otherwise incurred, had business been normal; analysis looked at 402 firms that have declared June results

Ramco Cements slips over 2.5% as Q1 PBT drops 43% to Rs 157.5 crore

The company said the progress of the ongoing capex programme has been delayed due to Covid-19.

Corporate contraction

Recovery depends on how quickly the pandemic is contained

Cement sector: If demand fails to pick up, stocks may come under pressure

Going ahead, raction in rural demand should continue in the back of good crop, normal monsoon, labour availability and government's welfare schemes

Improving profitability, low valuations offer comfort in UltraTech

Strong cost controls, lower diesel, petcoke and coal prices helped

Cement companies face hard truths as revival looks tough due to Covid-19

Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough

Coronavirus impact: Cement sector to see double digit dip in volumes

For the cement sector, recovery would be prolonged by the depressed real estate sector, muted spends on Pradhan Mantri Awas Yojana (Urban) and lower Capex (capital expenditure) by the government

Emami sells cement biz to Nirma. What it means for the stock and sector?

In December last year, Emami Cement had filed for its IPO with market regulator Securities and Exchange Board of India (Sebi) to issue fresh equity shares worth Rs 500 crore

Cement sector growth declines to 2% in 2019, say industry experts

The demand for cement in India has gone up to 400 million tonnes (MT) from 30 MT four decades back

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.

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year

Cement volume growth at 9-year high as govt schemes boost housing demand

The revival in demand seen in the last financial year has also led to narrowing down of demand-supply mismatch in the industry

Govt's infrastructure push sees a demand shift in the cement sector

With infrastructure claiming a larger share, movement and distribution of cement is bound to change

Sustaining price hikes crucial for cement companies ahead of Q4 results

Volume growth, lower costs to drive Q4 profitability; analysts remain underweight on sector

Cement shares in focus; UltraTech, India Cements, JK Lakshmi hit new highs

ACC, Sagar Cements, Sanghi Ind, Mangalam Cement, KCP and Gujarat Sidhee up in the range of 3% to 10%

Why the cement sector rally is far from over

Strengthening demand, slower capacity ramp up to boost utilisation in existing units, improve pricing; up-cycle seen lasting 5 years