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Informist, Friday, Jan. 23, 2026

MUMBAI – Stocks of cement companies are likely to rise in the upcoming week, buoyed by the optimism around absorption of recently hiked cement prices, according to analysts. Companies hiked prices in the South, Central, West, East, and North India in the trade and non-trade segment. 

The highest price hike was seen in the central region with an increase of INR 12-15 per bag in the trade segment and INR 25-30 per bag in the non-trade segment. The lowest price hike was in the north region where there is no increase in the trade segment while non-trade segment saw a marginal INR 3-5 per bag rise in prices, according to the data collected by brokerage Nirmal Bang Equities. 

The brokerage said there is an expectation of a further increase of INR 5 per bag in the north region in the non-trade segment. "By the end of January, companies will be able to absorb the newly hiked prices and they are likely to raise prices further, given the momentum is demand remains the same in the market," said Jyoti Gupta, research analyst at Nirmal Bang Equities. 

Investors will look for stock-specific triggers amid December quarter earnings season. UltraTech Cement will announce its results on Saturday and the company is expected to report a sharp year-on-year increase in its top line and bottom line for the December quarter, according to analysts. UltraTech Cement is likely to report an over-9% on-year increase in its December quarter net profit to INR 14.86 billion and an over-16% on-year rise in its revenue to INR 206.75 billion in the December quarter due to higher volume. ACC will report its earnings on Wednesday. 

Friday, shares of UltraTech Cement closed flat at INR 12,369 on the National Stock Exchange. Shares of ACC fell over 3% to INR 1,669.10 and that of Shree Cements ended around 2% lower at INR 27,000. 

TOP HEADLINES

* Earnings Review: Dalmia Bharat Q3 consol PAT doubles YoY, but misses view
* DCM Shriram Oct-Dec consol PAT falls 19.1% YoY to INR 2.12 billion
* Earnings Review: Higher costs, one time expense drag down JK Cement's Q3 PAT
* Earnings Review: Higher costs, one-time expense drag down JK Cement Q3 PAT
* Ambuja Cements commissions 2.4-mln-tn/yr cement grinding unit in Rajasthan
* Dalmia Bharat arm sells entire 25% stake in Karnataka-based O2 Renewable
* Asian Paints reduces stake in Dubai-based JV to 60%
* JK Cement commissions 1 mtpa grinding capacity each at Panna, Hamirpur

Following are the resistance and support levels for key cement stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by P. Madhu Kumar

Edited by Deepshikha Bhardwaj

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