BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
Cement demand remained soft for the second consecutive month, with most regions witnessing a demand contraction month-on-month, especially in the trade segment.
Notably, festivals led labor shortage, unseasonal rains in various locations, sharp spike in key construction materials like sand, blocks, bricks etc., pollution-led construction ban and harvesting impacted demand in November 2021.
Most dealers cited that with the recent drop in prices and improved availability of labor and harvesting getting over, demand momentum in December is likely to be strong, despite an extreme winter. However, non-trade demand continued to remain steady.
On the positive side, all four key demand drivers -- housing, infrastructure, industrial and commercial segments started contributing to cement demand, which certainly augurs well for the cement industry in the long run, and should also aid pricing power of the industry.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.