Cement Stocks Outlook
for the week – 03 to 07.10.2016
Seen down next week,
large-cap stress to continue
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Stocks of cement manufacturers are expected to fall next
week with pressure expected to continue
on large-cap companies such as ACC Ltd, Ambuja Cement and
Ultratech due to higher valuations and likely impact of high pet-coke prices on their earnings in
Jul-Sep. Ambuja Cement stocks fell 2.8% during the week and the pressure is expected to continue
next week as well. UltraTech Cement, one of the best performing stock among the large cap cement
companies til last week, fell 2.84% during the past five sessions. The stock has given a 52-week return
of 42% till date. Analysts expect the mid-cap cement companies such as JK Lakshmi Cement, JK
Cement and Orient Cement to perform well in the short to medium term due to healthy volume
growth, and improvement in capacity utilisation.
