Cement Stocks Soar Amid Nationwide Price Hikes
UltraTech Cement, Shree Cements, Ambuja Cements, ACC, and Dalmia Bharat witnessed gains of one to three percent in trading.
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UltraTech Cement, Shree Cements, Ambuja Cements, ACC, and Dalmia Bharat witnessed gains of one to three percent in trading.
Dealers are cautious about whether the announced price hikes will hold, analysts said as labour shortage due to Holi and Lok Sabha elections may impact cement demand in April
Pankaj Pandey suggests that Nifty may reach 25,000 with expected election outcomes. Bulls lack energy and market fabric weakened. Opportunities exist in largecaps, midcaps, smallcaps, cement, infra, PSUs, and coal sector. RBI stance change can lift BFSI sector. He also says one important parameter which we feel can change the complexion of the market is the change of stance by RBI.
Nestle India, Adani Enterprises, Adani Ports, Tech Mahindra and Wipro were among the top gainers on the Nifty, while losers included Eicher Motors, Bharti Airtel, M&M, Bajaj Auto and HDFC Bank