Page 9 - Cement Stocks
Cement stocks underperform, realisation improvement remains elusive
The rising pet coke and transportation costs remain a cause for concern and limit profitability improvement
 "Cement stocks underperform, realisation improvement remains elusive")
Correction in cement shares is an investment opportunity
After multiple price increases since March, resulting in a rally, cement stocks such as UltraTech, ACC, Ambuja Cements and Shree Cement have fallen from their highs. This is on the back of concerns related to less inventory at the stockist level, ahead ofe implementation of the goods and services tax. Also, the onset of monsoon will impact offtake and is a dampener for the stocks. All corrections, however, are an opportunity to buy, given the improving realisations, better demand trajectory in the second half of the financial year and improving demand-supply equation over time, believe analysts.On realisations, analysts expect the June quarter numbers to be better than the March ones. This bodes well for profitability, particularly given the concerns on rising input costs. Costs of coal and petcoke have risen significantly over the past year and improving realisations are key to sustaining of profit.Deutsche Bank channel checks suggest cement prices are up eight per cent ...
 "Correction in cement shares is an investment opportunity")
Cement companies' stocks outperform markets in 2016
Surge even as demand outlook remains uncertain; firms have expectations from govt's infra push
 "Cement companies' stocks outperform markets in 2016")
Cement stocks down up to 5% on CCI fine
Competition Commission of India imposed Rs 6,715 crore penalty on 11 cement companies
 "Cement stocks down up to 5% on CCI fine")