Cement Stocks Outlook
Sales volumes seen recovering in March quarter
This story was originally published at 17:46 IST on 10 April 2026
Register to read our real-time news.Informist, Friday, Apr. 10, 2026
MUMBAI – Analysts see sales volume of cement companies recovering in the March quarter, driven by strong seasonal demand after two weak quarters. Brokerage Systematix Institutional Equities expects cement companies to perform well in the March quarter, supported by sustained demand for individual housing. The cement companies under its coverage are expected to report healthy volume growth of around 8% on-year as demand normalises post-festivities, the brokerage said.
"Strong volume growth is expected from Ultratech and Ambuja at 12% and 10%, respectively, driven by optimisation of acquired entities," Systematix said in a report. The brokerage does not expect higher energy prices due to the war in West Asia to impact companies in Jan–Mar, as they have sufficient inventories until May.
JM Financial Institutional Securities expects cement companies under its coverage to deliver strong volume growth of around 9% on year in the March quarter. The brokerage has, however, cut its aggregate earnings before interest, tax, depreciation, and amortisation estimates by 7-10% for 2026-27 (Apr-Mar) and FY28, factoring in input cost pressure and higher competition.
Shares of major cement stocks rose sharply during the week. The shares ended 5-28% higher during the week ended Friday.
Brokerages expect cement companies to hike prices, especially in the southern region. However, the market's absorption of cement price hikes remains a key factor to monitor, analysts said.
TOP HEADLINES
* Trading in Sanghi Ind shrs suspended, holders to get Ambuja Cements shares
* Shree Cement to set up integrated cement plant in Meghalaya for INR 18 bln
* JK Lakshmi Cement named preferred bidder for Chhipta limestone block in MP
* Cement prices may go up by INR 30-INR 70 per bag in Apr as input costs rise
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 | 1,424.60 | 7.40 | 1,451.10 | 1,382.30 |
| AMBUJA CEMENTS LTD | 445.20 | 6.40 | 454.20 | 430.70 |
| ANDHRA CEMENTS LTD | 57.36 | 27.60 | 57.70 | 56.70 |
| GRASIM INDUSTRIES LTD | 2,742.60 | 7.00 | 2,801.50 | 2,697.70 |
| JK CEMENT LTD | 5,719.50 | 10.60 | 5,883.20 | 5,463.20 |
| JK LAKSHMI CEMENT LTD | 625.05 | 6.30 | 640.30 | 608.60 |
| SAGAR CEMENTS LTD | 181.80 | 10.80 | 186.30 | 175.20 |
| SHREE CEMENT LTD | 24,340.00 | 5.30 | 24,813.30 | 23,703.30 |
| ULTRATECH CEMENT LTD | 11,589.00 | 9.10 | 11,736.30 | 11,402.30 |
| INDIA CEMENTS LTD | 385.90 | 7.50 | 394.40 | 375.80 |
| Index | Levels | |||
| NIFTY 50 | 24,050.60 | 5.90 | 24,211.40 | 23,776.00 |
| BSE SENSEX | 77,550.25 | 5.80 | 78,112.60 | 76,570.00 |
Reported by Arundathi A R
Edited by Saji George Titus
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. 2026. All rights reserved.
To read more please subscribe
Share this Story:
