Cement Stocks Outlook
Gradual rise in prices to aid cement cos next week
This story was originally published at 21:32 IST on 13 February 2026
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MUMBAI – Cement stocks are likely to perform better in the coming week owing to a gradual improvement in cement prices on the back of improvement in seasonal demand after festival disruptions and a gradual revival in construction activity. Stronger margin expansion is expected in the June quarter with bigger price hikes, Elara Securities said.
Analysts expect UltraTech Cement to perform well in the near term. "The company is well placed to capitalise on a structural volume upcycle driven by infrastructure spending, housing demand, and industry consolidation, translating into sustained dispatch growth and operating leverage benefits," YES Securities said in a report. The brokerage expects the company's margin and earnings before interest, tax, depreciation, and amortisation per tonne to expand owing to scale-led cost leadership, waste heat recovery, and logistics optimisation.
On a consolidated basis, UltraTech Cement reported a net profit of INR 17.25 billion for the December quarter on a revenue of INR 218.30 billion. Its shares ended 0.5% lower at INR 12,963 on the National Stock Exchange.
SMIFS Institutional Research estimates see The Ramco Cements Ltd. reporting a compounded annual volume growth rate of around 5% over the financial year 2024-25 (Apr-Mar) to FY28. "With (about) 24.4 MTPA (million tonnes per annum) of cement capacity now added, capex (capital expenditure) for the next phase of expansion would be much lower, resulting in higher return ratio," the brokerage said in its report. It sees a sharper focus on improving operating efficiency and increasing share of green power as positive triggers for the Ramco Cements stock.
For the December quarter, The Ramco Cements reported a net profit of INR 3.87 billion on a revenue of INR 21.01 billion. Its shares ended flat at INR 1,144.70 on the National Stock Exchange.
Emkay Global Financial Services maintained its "buy" recommendation on Star Cement with a target price of INR 300. The brokerage raised its target price by around 7%. The company reported a consolidated EBITDA of INR 2 billion, which was around 11% higher than the brokerage had estimated. Friday, shares of the company ended over 1% lower at INR 216.47 on the National Stock Exchange.
TOP HEADLINES
* Analyst Concall: Grasim says focusing on institutional sales for Birla Opus
* Earnings Review: Grasim Q3 net loss widens YoY on one-time cost, misses view
* Ahmedabad NCLT bench approves merger of Sanghi Ind with Ambuja Cements
* Assam mineral body cancels JK Lakshmi Cement's limestone excavation project
* Shree Cement reappoints Hari Mohan Bangur as Chairman for 5 yrs from Apr 1
* Earnings Outlook: Paint operations to keep Grasim Industries in red in Q3
* Earnings Review: Shree Cement posts modest Q3 sales growth on ops disruption
* Analyst Concall:Shree Cement says focus now on realisations vs volume growth
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:
| Company | Price | Week-on-week change in % | Resistance | Support |
| ACC | 1,637.10 | (-)1.80 | 1,691.00 | 1,605.00 |
| Ambuja Cements | 519.45 | (-)1.90 | 535.70 | 509.20 |
| Andhra Cements | 55.32 | (-)5.50 | 57.20 | 53.70 |
| Grasim Industries | 2,888.00 | 1.80 | 2,956.40 | 2,843.20 |
| JK Cement | 5,599.00 | (-)2.20 | 5,863.00 | 5,448.00 |
| JK Lakshmi Cement | 706.65 | (-)3.20 | 722.30 | 693.80 |
| Sagar Cements | 195.33 | 0.90 | 206.60 | 187.40 |
| Shree Cement | 26,130.00 | (-)4.40 | 26,550.00 | 25,540.00 |
| UltraTech Cement | 12,963.00 | 1.90 | 13,105.70 | 12,801.70 |
| India Cements | 442.35 | (-)2.30 | 455.60 | 431.50 |
| Index | Level | |||
| Nifty 50 | 25471.10 | (-)0.90 | 25701.30 | 25329.20 |
| BSE Sensex | 82626.76 | (-)1.10 | 83292.20 | 82201.90 |
End
Reported by Arundathi A R
Edited by Rajeev Pai
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