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Informist, Friday, Mar. 13, 2026

 

MUMBAI – Shares of cement companies are likely to remain under pressure next week as surging crude oil prices amid US-Iran hostilities weigh on the sentiment. On the technical charts, analysts say cement stocks could stay weak unless they reclaim key support levels.

 

"The price structures suggest a potential continuation of the downtrend in the near term," Sundar Kewat, technical and derivative analyst at Ashika Institutional Equity, said. Ambuja Cements, Shree Cement, UltraTech Cement, and Dalmia Bharat signal weakening momentum and the possibility of further downside, he said.

 

The recent surge in fuel costs on the back of the West Asia conflict is expected to pose near-term earnings risks for cement stocks, Elara Capital said in its sector report. A rise in fuel costs, along with seasonally weaker demand and soft prices during the monsoon are likely to deflate the cement companies' earnings for the September quarter of 2026-27 (Apr-Mar), the brokerage said. It also sees energy costs likely to remain elevated on a year-on-year basis due to Indonesia's plan to reduce thermal coal production by around 24% on year in 2026.

 

"While fuel inflation may pressure earnings in the near term, the valuation reset has pushed companies like Shree Cement, Birla Corp., and Nuvoco Vistas Corp. below historical bear case EV/tonne (enterprise value per tonne) levels," according to the Elara report.

 

"Going forward, we suggest maintaining a sell on rise trading approach in the short term (for cement stocks)," Vipin Kumaar, assistant vice-president, technical and derivatives, Globe Capital Market, said.  

 

TOP HEADLINES

 

* NCLT OKs amalgamation of wholly-owned entities of India Cements into co

* Amalgamation of Sanghi Industries with Ambuja Cements complete

* JK Lakshmi Cement to buy NECEM Cements of Assam for INR 190 mln

* JK Lakshmi top bidder for 405-hectare Juipahar limestone block in Assam

* Appellate tribunal cuts penalty on Dalmia Bharat arm in PMLA violation case

* UltraTech Cement appoints Jayant Dua as MD for 4 years from Jan 1, 2027

 

The 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 LTD	1376.40	(-)8.30	1458.90	1318.70
AMBUJA CEMENTS LTD	425.35	(-)8.90	453.90	410.10
ANDHRA CEMENTS LTD	51.96	(-)3.40	55.20	49.50
GRASIM INDUSTRIES LTD	2568.60	(-)5.50	2699.50	2497.70
JK CEMENT LTD	5002.00	(-)7.80	5295.30	4787.30
JK LAKSHMI CEMENT LTD	598.55	(-)6.10	638.90	571.90
SAGAR CEMENTS LTD	176.14	(-)5.30	186.20	167.90
SHREE CEMENT LTD	22965.00	(-)7.70	23758.30	22458.30
ULTRATECH CEMENT LTD	10616.00	(-)11.40	11156.70	10302.70
INDIA CEMENTS LTD	354.30	(-)7.30	377.60	341.00
Index	Levels
NIFTY 50	23151.10	(-)5.30	23632.20	22871.40
BSE SENSEX	74563.92	(-)5.50	75986.50	73743.30

 

End

 

Reported by Arundathi A R

Edited by Saji George Titus

 

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