Anand Rathi: Cement Channel Check - Healthy Demand Outlook; Short-Term Pricing Pressure May Arise
A limestone and clay mix sits in a pile inside a cement plant. (Photographer Gianluca Colla/Bloomberg)

Anand Rathi: Cement Channel Check - Healthy Demand Outlook; Short-Term Pricing Pressure May Arise

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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.

Anand Rathi Report

The Competition Commission of India began investigating some cement companies’ alleged anti-competition behaviour.

Some short-term sentimental impact on stock prices, we believe, is likely. With input prices rising, however, price hikes cannot be ruled out in the long term.

We ran a channel check to gauge the current demand and pricing milieu. After firm demand in October, November was partially hit by the Diwali holidays and region-specific issues, which dealers said were temporary as infra activity is improving and higher individual housing building demand is expected.

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Anand Rathi Cement Channel Check .pdf

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