Correction in cement sector is an opportunity to buy these stocks
Demand remained weak during February as cement transported through rail declined 6 per cent MoM and 1 per cent YoY.
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Demand remained weak during February as cement transported through rail declined 6 per cent MoM and 1 per cent YoY.
“The impact on margins is expected to be visible in the forthcoming quarters, but the companies (will) try to maintain margins with receding monsoons,” said Sandeep Tulsiyan, an analyst at JM Financial. “The moderation in prices was primarily led by a 4.7% dip in the East sector and a 4.4% fall in the South.”
US stocks retreat from all-time highs Wall Street's main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trump's account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36. European shares rally falters European stocks fell from over 10-month highs on Monday after rallying last week, as in...