Inventory Market In the present day: UltraTech Cement Ltd, Ambuja Cements, Dalmia Bharat, ACC amongst others could profit as Edging up cement costs could accrue positives
The Cement producers whereas have seen first rate demand, it’s the enchancment in cement costs that has been watched for Since begin of October- December 2024 quarter, to push up earnings development. With progressing January-March quarter being traditionally favorable for cement worth enchancment, anticipation is that the costs could enhance now.
Analysts mentioned that Though efforts had been made to boost costs throughout the markets, their conversations with sellers, gross sales executives, and C&F brokers reveal that the businesses discovered it tough to take care of these within the majority of markets due to rising provide and a aggressive pricing pattern.
Some selective worth enchancment seen
The cement channel checks by Elara Securities India Pvt Ltd counsel that , the typical retail worth of cement in India elevated by a small ₹2 per 50 kg bag MoM to INR 370 after a positive pattern in cement costs throughout December and January.
The most important worth enhance, of ₹5 per bag, was recorded in Central India as per Elara , which was adopted by ₹4 per bag in West India and ₹3 per bag in North India. East and South Indian costs remained principally regular month over month.
Regional Cement worth pattern
Cement costs in a couple of pockets of Central and North India improved for the third consecutive month in February, mentioned analysts
South India which sees main over provide state of affairs. has failed to realize any main achieve in February. Nevertheless on the constructive facet costs in South India stays secure and proceed to hover round January ranges, as per analysts
The Cement costs in West India additionally improved however was led by Gujarat as per Elara Securities and Maharashtra have nonetheless remained a blended bag.
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