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Rakesh Arora discusses the impact of market share competition on cement prices despite good demand. Strategic acquisitions during low prices can lead to cheap valuations. The industry sees consolidation with big players like UltraTech and Adanis competing.
Rakesh Arora explains the cement sector's rebound after price cuts driven by market share battles. He predicts limited sustainability in price hikes due to aggressive volume pushes by top players like UltraTech and Adani Cement. Arora further says that while commodities will have an uptick, it is not going to be a full-blown bull cycle.
Analysts say the 12-month outlook for the segment appears positive; Hindalco, Nalco to benefit
A 42-year-old man, who was arrested in connection with five murders and released on bail, was stopped in his tracks on Friday while planning his sixth hit. All his six targets, including the five victims, were named as accused in the murder of the man’s elder brother in 2012.
Rakesh Arora discusses the outlook for the commodity sector, highlighting the factors that are supportive of a commodity price rally, such as China's potential stimulus and weaker US dollar. However, he notes that demand is still missing and China's production and export of surplus metal are pushing prices down. Arora also explains the divergence between the mining and processing industries, with mining commodity prices going up while steel prices come down. He suggests that it may be safer to invest in mining commodities.