ADVERTISEMENT

Cement: Well Geared Up To Ride On Uptick In Capex Cycle, Says ICICI Direct 

Cement: Well Geared Up To Ride On Uptick In Capex Cycle, Says ICICI Direct

Gravel and sand are loaded onto a conveyor belt at the concrete plant. (Photographer Jack Atley/Bloomberg)
Gravel and sand are loaded onto a conveyor belt at the concrete plant. (Photographer Jack Atley/Bloomberg)

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.

ICICI Direct Report

Against the backdrop of weak sentiments due to the pandemic, the operating performance of the cement sector in H1 FY21 improved sharply led by strong demand from rural segment, improved pricing environment along with benign costs.

The improved business environment led by lower interest rates and improved liquidity has also led to re-instatement of capex plans by major companies that were halted earlier post imposition of lockdown in April 2020.

All-India asset utilisation also crossed 80% mark in October-November 2020 versus 69% in Q2 FY21 with plant utilisation in the eastern and central region remaining even higher led by strong demand.

Click on the attachment to read the full report:

ICICI Direct Cement Sector Update.pdf

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.