Cement Stocks Outlook for the week – 24 to 28.08.2015
Seen
trading with negative bias next week
( www.rupeedesk.in )
Stocks
of major cement manufacturing companies are seen trading with a negative bias
next week due to weak demand for the product and poor pricing power of
companies. Cement makers-- particularly ACC and Ambuja Cements--have had weak
realisations in Apr-Jun, and are seen reporting weak earnings even in the on
going quarter. So, these counters are likely to remain more or less flat in
near term. Ultratech has a better operating margin compared with its peers,
which is why the stock can be bought at the current level.
