NCL Industries shares fell 3 per cent, driven by a decline across key product segments for the first quarter
In FY 2025-26, cement demand growth is expected to rebound by 6-7 per cent owing to traction from the infrastructure and rural housing segments
Analysts at Elara Capital expect demand growth for the cement sector to rebound in FY26, driven by improved execution of government initiatives, such as the PMAY-G, and increased irrigation spending.
Motilal Oswal sees upside in UltraTech Cement and JK Lakshmi Cement as they expect a strong profit and margin growth over FY25-FY27
ACC's stock fell as much as 6.5 per cent during the day to ₹1,931 per share, the worst intraday loss since November 21 this year
With the monsoon still two months away, cement companies stand to benefit from this seasonally strong period.
All key cement demand drivers are in place and the sector should drive robust sector volume growth of 7-8 per cent CAGR over the medium term, UBS said
The additional tax on limestone will increase the overall raw material cost of Tamil Nadu based cement manufacturers as limestone is a key raw material for manufacturing cement
With industry focus shifting to volume growth in the closing quarter of the year, the likelihood of substantial price hikes in the near-term remains low due to the continued high competitive pressure
The management expects cement demand to grow on the back of likely increase in rural consumption aided by improved farm cash flows and sustained healthy demand for urban housing.
For Q4 the management guided for 7-8% YoY volume growth in grey cement. Meanwhile, analysts expect a growth rate of at least 10% YoY in FY26.
Goldman Sachs reportedly has maintained a 'Buy' rating and increased its target price to Rs 12,580, up from Rs 12,460, citing volume recovery and lower costs contributing to margin improvement
Going forward, UltraTech expects to generate a sustainable volume growth of 7- 8% on likely government focus on infrastructure and housing projects, alongside increased rural and urban demand.
Star Cement-Ultratech Cement deal: Ultratech has approved to make an investment to acquire non-controlling minority stake for up to 37 million equity shares of Star Cement at a price Rs 235 per share
To fuel India's growth, Ambuja Cements has initiated capacity expansion projects of 20 MTPA, spanning every region of the country, over FY 2025-26
The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December
While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.
The company expects gradual improvement in demand driven by increased government spending in the 2nd half of the fiscal and improved demand from urban and rural segments owing to good monsoon
The management believe that new infrastructure project orders will start gaining momentum, although it has been a subdued start from Q1 and during the reported quarter.
Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.