Stable Cement Prices So Far; Ruling Out Big Moves This Quarter, Says Anand Rathi
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 post-Diwali demand slump led to cement production dipping 6.9% YoY in November.
In December, however, demand rose in the second half to meet year-end targets, stocking (anticipating a price rise) and more infra activities.
Some region-specific issues, though, continue (south: heavy monsoon, Delhi: farmer protest/winter).
Our channel check shows that in the first week of January prices were hiked in the East and some pockets of the South and West; prices in the North and Central regions have stayed at December levels.
Click on the attachment to read the full report:
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.