Reasons why cement stocks are falling – Cement shares have been falling in recent months due to the declining demand for cement. It is mainly due to the slowdown in the construction sector. The construction sector is a major user of cement. Additionally, the oversupply of cement in the market has also put pressure on prices, leading to a decline in cement stocks.
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What will boost cement demand?
cement industry: Latest News on cement industry | Top Stories & Photos on Economictimes.com SEARCHED FOR: The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.41 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.31 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.20 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.15 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.10 PM IST The 30-share BSE Sensex was up 45.52 points at 62456.2 08 Dec, 2022, 11.05 AM IST
The 30-share BSE Sensex was up 44.43 points at 62455.11 08 Dec, 2022, 10.55 AM IST The 30-share BSE Sensex was up 115.91 points at 62526.59 08 Dec, 2022, 10.34 AM IST Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.07 Dec, 2022, 10.35 PM IST There has been a paradigm shift in investment bets towards stocks in the capital-intensive sectors due to the strong domestic macroeconomic factors, improving corporate earnings, and strong balance sheets.07 Dec, 2022, 02.22 PM IST The 30-share BSE Sensex was up 25.58 points at 62651.94 07 Dec, 2022, 09.59 AM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 05.17 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 05.01 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.31 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.10 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.00 PM IST Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.05 Dec, 2022, 11.30 AM IST The 30-share BSE Sensex was down 205.07 points at 62663.43 05 Dec, 2022, 11.15 AM IST “I am not overly optimistic for options data. FIIs have been heavily long, so, the best thing is to keep booking profits at regular intervals and keep tight stop losses in place. I think a correction from these levels would be a welcome change as it will attract more money into the market and make the structure more robust for further highs.” 02 Dec, 2022, 10.25 AM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 05.16 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.46 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.30 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.20 PM IST The NSE Nifty index closed 140.3 points up at 18758.35 30 Nov, 2022, 04.15 PM IST Out of the 38 analysts with a coverage on SBI, which reported its highest-ever quarterly profit after tax (PAT) of Rs 13,264.62 cr in Q2, at least 10 of them have upgraded their target prices in the last one month, Trendlyne data shows. The average targets signal an upside potential of over 14%.30 Nov, 2022, 12.51 PM IST The 30-share BSE Sensex was up 230.61 points at 62735.41 29 Nov, 2022, 10.39 AM IST The 30-share BSE Sensex was up 202.73 points at 62707.53 29 Nov, 2022, 10.09 AM IST Cement companies are likely to increase the price between Rs 10 and Rs 30 per bag in November, said Emkay Global Financial Services Ltd. The cement prices were increased by nearly Rs 3-4/bag last month. Emkay Global in a recent sectoral report said the average pan-India cement price increase was about Rs 3-4/bag in October 2022.05 Nov, 2022, 01.41 PM IST Increased house building and construction activity in metros, semi-urban and urban centres would boost cement demand although cost pressure is expected to remain with higher cost of fuel, power tariff, N Srinivasan said.29 Sep, 2022, 04.54 PM IST
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Why is EMKAY global disinvesting in cement?
cement industry: Latest News on cement industry | Top Stories & Photos on Economictimes.com SEARCHED FOR: The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.41 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.31 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.20 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.15 PM IST The 30-share BSE Sensex closed down 389.01 points at 62181.67 09 Dec, 2022, 04.10 PM IST The 30-share BSE Sensex was up 45.52 points at 62456.2 08 Dec, 2022, 11.05 AM IST
The 30-share BSE Sensex was up 44.43 points at 62455.11 08 Dec, 2022, 10.55 AM IST The 30-share BSE Sensex was up 115.91 points at 62526.59 08 Dec, 2022, 10.34 AM IST Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.07 Dec, 2022, 10.35 PM IST There has been a paradigm shift in investment bets towards stocks in the capital-intensive sectors due to the strong domestic macroeconomic factors, improving corporate earnings, and strong balance sheets.07 Dec, 2022, 02.22 PM IST The 30-share BSE Sensex was up 25.58 points at 62651.94 07 Dec, 2022, 09.59 AM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 05.17 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 05.01 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.31 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.10 PM IST The 30-share BSE Sensex closed down 208.24 points at 62626.36 06 Dec, 2022, 04.00 PM IST Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.05 Dec, 2022, 11.30 AM IST The 30-share BSE Sensex was down 205.07 points at 62663.43 05 Dec, 2022, 11.15 AM IST “I am not overly optimistic for options data. FIIs have been heavily long, so, the best thing is to keep booking profits at regular intervals and keep tight stop losses in place. I think a correction from these levels would be a welcome change as it will attract more money into the market and make the structure more robust for further highs.” 02 Dec, 2022, 10.25 AM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 05.16 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.46 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.30 PM IST The 30-share BSE Sensex closed up 417.81 points at 63099.65 30 Nov, 2022, 04.20 PM IST The NSE Nifty index closed 140.3 points up at 18758.35 30 Nov, 2022, 04.15 PM IST Out of the 38 analysts with a coverage on SBI, which reported its highest-ever quarterly profit after tax (PAT) of Rs 13,264.62 cr in Q2, at least 10 of them have upgraded their target prices in the last one month, Trendlyne data shows. The average targets signal an upside potential of over 14%.30 Nov, 2022, 12.51 PM IST The 30-share BSE Sensex was up 230.61 points at 62735.41 29 Nov, 2022, 10.39 AM IST The 30-share BSE Sensex was up 202.73 points at 62707.53 29 Nov, 2022, 10.09 AM IST Cement companies are likely to increase the price between Rs 10 and Rs 30 per bag in November, said Emkay Global Financial Services Ltd. The cement prices were increased by nearly Rs 3-4/bag last month. Emkay Global in a recent sectoral report said the average pan-India cement price increase was about Rs 3-4/bag in October 2022.05 Nov, 2022, 01.41 PM IST Increased house building and construction activity in metros, semi-urban and urban centres would boost cement demand although cost pressure is expected to remain with higher cost of fuel, power tariff, N Srinivasan said.29 Sep, 2022, 04.54 PM IST
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Is JP Morgan downgrading Shree Cement?
Explained: Why Cement stocks are in rally mode Shares of cement companies have made considerable gains during the last few trading sessions on the expectation of the profitability remaining intact despite the cost rise. Ambuja Cement and JK Lakshmi Cement were up 4 per cent and 8 per cent respectively. Shares of UltraTech Cement, ACC, Orient Cement, India Cements, Shree Cement, and JK Cement were up between 2 per cent and 6 per cent in the intraday trading session today on the BSE. “While year-on-year as well as quarter-on-quarter comparison in Q1 FY22E is not meaningful given the varying degree of lockdown/restrictions due to Covid, the industry is expected to post ~45% year-on-year growth in volumes with almost stable Ebitda/te year-on-year on a reported basis,” ICICI Securities said in result preview. It further said that consensus earnings are yet again likely to be upgraded given better-than-expected prices sustaining till date in seasonally weak monsoon necessitated by cost escalations. The brokerage house noted that west and south regions are likely to lead volume growth on a YoY basis on a low base which was severely impacted by covid last year. Similarly, non-trade demand is likely to be better on a YoY basis led by higher infrastructure demand. “Our coverage universe FY22-23E EBITDA is 8-10% ahead of consensus. Shree Cement & Ultratech Cement remain our top picks. We also like Ambuja Cements, JK Cement, and the Ramco Cements,” the brokerage firm added. Emkay Global expects a sustainable demand recovery in volumes in coming quarters on the back of gradual relaxations in lockdowns, expectations of construction activities gaining momentum post-monsoon, the low base of the last two years, government focus on infrastructure spends, and a strong June 2021 exit. “On an month-on-month (MoM) basis, volumes likely grew >20% MoM in the North region, in high-teens in the East and South regions and low double digits in the West and Central regions,” it noted “Average pan-India prices rose marginally MoM (flat YoY) in Jun’21. Prices were likely up 6% QoQ (broadly flat YoY) in Q1FY22, which should largely mitigate the impact of various cost escalations during this quarter, in our view,” it added. Meanwhile, JP Morgan has downgraded Shree Cement and UltraTech Cement but remains ‘overweight’ on ACC and Grasim. The brokerage firm noted that cost inflation, sharply higher stock prices call for a breather in a strong demand cycle. Published on: Jul 06, 2021, 2:16 PM IST Posted by: Tanya Aneja, Jul 06, 2021, 2:10 PM IST : Explained: Why Cement stocks are in rally mode
Why did JSW Cement disinvest?
CEMENT Sector Analysis | क्यों गिर रहे हैं CEMENT Stocks? | क्या Invest करे
The disinvestment was necessitated as the company was not able to sustain and manage its finances properly and maintain efficiencies of operations, the spokesman said. MUFG Bank acted as the mandated lead arranger and bookrunner (MLAB) and the sustainability loan coordinator for this transaction, JSW Cement said.
