Cement stocks outlook: Cement stocks may rally as prices expected to rise this week
Explore Now MUMBAI: Cement stocks are likely to gain this week as prices of the primary building material are expected to rise by Rs 15-30 per bag due to strong demand across states and to negate the increase in input costs. The price rise, coupled with improved capacity utilization in the March quarter, would result in upgrades of earnings estimates, according to analysts. “Dealers suggest prices may be hiked by another Rs 15-30 per bag across most regions effective from the first week of April, led by continued strong demand and necessitated by cost escalations,” said Krupal Maniar, ana...
Source: indiatimes.com