Cement Sector Check - Awaits Price Hike: IDBI Capital

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..IDBI Capital Report.Our interaction with cement dealers across India suggests that average cement price at an all India level is down 1.5% month-on-month in October 2021. Price decrease is seen across all the regions. In base case scenario we are modeling cement price increase in H2 as costs have increased sharply. Cost continues to move up with imported coal price up 45% month-on-month in Oct-21. Imported coal price is up 150% since March 2021. Freight cost index is up 1% month-on-month in Sep-21 and its up 4% since March-21. Cement production in India for the month of Aug-21 has increased by 36.3% YoY at 28.5 million tonne. Demand has been strong. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Cement Sector Check - Awaits Price Hike: IDBI Capital

Cement Sector Check - Awaits Price Hike: IDBI Capital

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