More Stories

Informist, Thursday, Aug 14, 2025

MUMBAI – Cement stocks are likely to move in a tight range next week, too, in the absence of major near-term triggers for the sector. The medium-term outlook for the cement sector continues to be bullish, particularly post monsoon as demand is expected to pick up pace, two analysts tracking the sector said. Improved government spending, price realisations, pick up in real estate activities, and cost efficiency measures helped cement companies post better profitability in the June quarter. Even though the early onset of monsoon had led to a near-term fall in some of these cement stocks, analysts continue to be bullish about valuations and earnings growth in the coming quarters. 

Nuvama Institutional Equities said cement price realisation improved 5% sequentially in the reporting quarter due to the price hikes taken in southern and eastern regions of India. However, cement volume is expected to be subdued in the seasonally weak September quarter, it added. Most companies reported a double-digit volume growth during the latest quarter. Last year, slowdown in the government's capital expenditure amid General Elections and monsoon had hit the sector's volume. During Apr-Jun, the government's capital expenditure increased almost 52% on year to INR 2.75 trillion. 

On Thursday, shares of JSW Cement closed 0.6% lower at INR 146.07 on the National Stock Exchange after listing at INR 153.50, which is a premium of over 4% to the issue price of INR 147. The company's initial public offering was subscribed nearly eight times, with the cement player receiving bids for 1.41 billion shares against 181.29 million shares on offer. JSW Cement manufactures cement, construction chemicals, readymix concrete, and aggregates, including ground granulated blast furnace slag produced from blast furnace slag, a by-product of the steel manufacturing process. 

This week, cement stocks saw muted movement in the absence of major triggers, with Shree Cements gaining the most of almost 4% while Andhra Cements fell the most of 1%. The Indian stock market will be shut Friday on account of Independence Day. 

TOP HEADLINES
* IPO Alert: JSW Cement to list Thu; issue price set at INR 147 per share
* IPO Alert: JSW Cement IPO subscribed 8 times by end of final day
* IPO Alert: JSW Cement IPO sees 56% subscription as on Day 2
* Analyst Concall: Grasim bullish on QoQ growth in paint business in Jul-Sept
* Earnings Review: Grasim Apr-Jun net loss below estimate, revenue up 34% YoY

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:

End

Reported by Anjana Therese Antony
Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2024. All rights reserved.