BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
Quarterly performance of the cement industry is expected to surprise the street with better-than expected traction in demand environment.
Against the general expectation of approximately 5-10% demand contraction in Q2 FY21, we expect the cement demand to have remained either flat or have witnessed marginal YoY growth.
Average sales volume of the cement companies under our coverage universe is expected to increase by approximately 1.6% YoY and 30% QoQ mainly led by sharp recovery in Northern and Central markets.
Improved availability of labourers and pent-up demand aided the demand environment during the quarter.
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