Cement Stocks Outlook
Seen muted next week; Grasim earnings due Aug 8
This story was originally published at 21:24 IST on 1 August 2025
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MUMBAI - Shares of cement companies saw limited movement compared to the previous week in the absence of major cues for the sector, and are likely to continue this trend till the end of the monsoon season. Even though most cement companies posted strong on-year financial growth for the June quarter, the earnings season has not provided much cues in favour of the bulls.
This was evident from the fall in share prices of some of the cement companies that posted weaker-than-expected results for the reporting quarter. However, analysts remain optimistic about the medium-to-long term outlook for the sector on hopes of better demand post monsoon, higher government capital expenditure, and infrastructure projects, an analyst tracking the sector at a domestic broking firm said.
Ambuja Cements Thursday posted lower-than-expected consolidated net profit for the reporting quarter at INR 7.88 billion. However, some broking firms remained optimistic about the company's long-term growth outlook. ICICI Securities said Ambuja Cements' volume growth remains strong led by aggressive capacity additions and its focus on operational efficiencies will likely drive earnings before interest, tax, depreciation, and amortisation per tonne. The broking firm retained its 'buy' rating on the stock and a target price of INR 700.
Grasim Industries is scheduled to release its results on Aug. 8. The company is expected to post a net loss of INR 2.48 billion, wider than the net loss of INR 521.20 million reported a year ago, according to the average of estimates from five broking firms. Its revenue is likely to grow over 31% on year to INR 90.34 billion, as per estimates.
This week, cement stocks saw muted movement, with ACC falling the most among its peers by 3%, while JK Lakshmi Cement and JK Cement gaining the most, each up 3%.
TOP HEADLINES
* Analyst Concall: Ambuja Cements plans INR 90 bln-INR 100 bln capex for FY26
* Earnings Review: Ambuja Cements' PAT rises on-year but misses Street view
* Earnings Outlook: Ambuja Cements Q1 consol PAT may shine on good margins
* Rajasthan govt selects JK Cement as preferred bidder for limestone block
Following are the resistance and support levels for the sector's key stocks for next week, as per calculations based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| ACC LTD | 1794.60 | (-)2.90 | 1833.50 | 1771.50 |
| AMBUJA CEMENTS LTD | 607.95 | (-)0.80 | 630.60 | 577.40 |
| ANDHRA CEMENTS LTD | 68.03 | (-)2.50 | 72.20 | 63.30 |
| GRASIM INDUSTRIES LTD | 2722.20 | 0.50 | 2785.40 | 2684.40 |
| JK CEMENT LTD | 6681.50 | 3.10 | 6864.50 | 6508.50 |
| JK LAKSHMI CEMENT LTD | 973.95 | 3.10 | 1000.20 | 953.60 |
| SAGAR CEMENTS LTD | 240.86 | (-)0.50 | 251.00 | 235.00 |
| SHREE CEMENT LTD | 30650.00 | (-)1.00 | 31236.70 | 30246.70 |
| ULTRATECH CEMENT LTD | 12113.00 | (-)1.10 | 12373.00 | 11945.00 |
| INDIA CEMENTS LTD | 362.10 | 0.80 | 374.00 | 354.00 |
| NIFTY 50 | 24565.35 | (-)1.10 | 24877.30 | 24379.10 |
| BSE SENSEX | 80599.91 | (-)1.10 | 81626.30 | 79982.40 |
End
Reported by Anjana Therese Antony
Edited by Tanima Banerjee
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