Cement Stocks Outlook
Seen in range next week as positives already priced in
This story was originally published at 19:19 IST on 4 April 2025
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MUMBAI – Shares of cement companies are likely to move in a range next week as positives for the sector are seen already priced in. Companies are expected to have shown an improvement in margins during the March quarter as they have managed to increase prices during the quarter amid better demand from the government, analysts said.
Nuvama Institutional Equities said realisations during the quarter may improve 1.5-2% quarter-on-quarter for cement companies under its coverage, but these may remain down compared to the previous year. However, the brokerage does not expect much gains in stocks price as further prices hikes might be limited due to high competition in the sector. All eyes will be on the possiblity of more price hikes which could benefit companies in the coming quarters, analysts said.
Cement prices have declined slightly in March, after rising in January and February, according to analysts. According to a note by Antique Stock Broking, dealers see price hikes of another INR 10-20 per bag across regions to be announced soon. If cement companies managed to absorb these price hikes, it could limit earnings downgrades, the brokerage said.
This week, shares of cement companies were mostly higher. Shares of Andhra Cements rose nearly 12% and those of Sagar Cements rose nearly 7%. Among others, shares of Mangalam Cement, JK Lakshmi Cement, and ACC rose 1-3%.
TOP HEADLINES
* UltraTech to acquire Wonder WallCare for enterprise value up to INR 2.35 bln
* HC notice to Ambuja Cements against order to quash stamp duty, penalty demand
* Shree Cement gets INR 1.60-bln draft assessment order from income tax body
* Shree Cement arm starts commercial production at clinker grinding unit in UP
* Dalmia Bharat commences production at cement grinding unit in Bihar
* DCM Shriram commissions caustic soda flakes plant in Jhagadia, Gujarat
* JK Cement wins bid for 555-hectare Gaitara limestone block in Chhattisgarh
* Shree Cement's Nawalgarh unit clinker output capacity rises to 4.5 mln tn/yr
* Ambuja Cements board OKs appointing Rakesh Tiwary as CFO from Apr 1
Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| ACC LTD | 1966.30 | 1.20 | 2011.50 | 1931.10 |
| AMBUJA CEMENTS LTD | 528.20 | (-)1.90 | 550.90 | 514.20 |
| ANDHRA CEMENTS LTD | 55.01 | 12.00 | 57.10 | 53.50 |
| GRASIM INDUSTRIES LTD | 2616.90 | 0.20 | 2668.10 | 2584.50 |
| J.K. CEMENT LTD | 4954.70 | 0.50 | 5049.10 | 4856.40 |
| JK LAKSHMI CEMENT LTD | 791.65 | 2.30 | 818.10 | 777.00 |
| SAGAR CEMENTS LTD | 192.35 | 6.90 | 202.70 | 183.40 |
| SHREE CEMENT LTD | 30694.50 | 0.60 | 31222.50 | 30249.50 |
| ULTRATECH CEMENT LTD | 11498.65 | (-)0.10 | 11703.60 | 11318.60 |
| INDIA CEMENTS LTD | 277.65 | 0.20 | 288.20 | 267.70 |
| NIFTY 50 | 22904.45 | (-)2.60 | 23349.50 | 22635.00 |
| BSE SENSEX | 75364.69 | (-)2.70 | 76638.70 | 74603.60 |
End
Reported by Anshul Choudhary
Edited by Deepshikha Bhardwaj
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