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Informist, Friday, Jun. 5, 2026

 

MUMBAI – Cement stocks are expected to continue underperforming next week. Sectoral analysts see demand for the commodity slowing down. They also see higher petroleum coke prices being a major headwind for the companies. As a result, they see cement stocks moving with a negative bias in the near term.

 

According to Nuvama Institutional Equities, geopolitical issues, the trajectory of capital expenditure on infrastructure, and rising costs are likely to determine the stock prices of cement companies in the near term. "Price hikes of (about) INR10/bag in the East and North and (about) INR20/bag in the South are likely in Jun-26," the brokerage said in its cement sector report. It also sees rising petcoke and packaging costs to continue acting as major headwinds.

 

Nirmal Bang Institutional Equities believes the price hikes of INR 20-INR 25 per bag announced in early May could not be implemented effectively because of intense competition, labour shortages, weak demand in certain states, and a slowdown in construction activity amid the heatwave. However, it expects a modest uptick in cement volumes during June and July if there is a delay in the onset of the southwest monsoon.

 

Nirmal Bang also sees the recent hikes in diesel prices having a marginal adverse impact on the logistics costs of cement companies. "We believe the recent price hike is insufficient to fully offset the increase in operating costs," the brokerage said in its report. Near-term margin pressure is expected to continue, particularly on companies with higher dependence on pet coke and coal-based fuel mixes, it said.

 

According to PL Capital, formerly Prabhudas Lilladher, subdued demand during the seasonally weak monsoon period is likely to put pressure on pricing across regions. According to the brokerage, most cement companies have hinted at a likely cost inflation of INR 150-INR 200 per tonne in the June quarter, driven by higher costs of fuel, freight, packaging, and other raw material.

 

TOP HEADLINES

* Exchanges give 'no objection'  certificate to merge ACC with Ambuja Cements

* Price hike rollbacks amid weak cement demand May, says Prabhudas Lilladher

 

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	1,329.80	(-)5.00	1,392.70	1,291.50
Ambuja Cements	417.55	(-)6.80	436.50	405.60
Andhra Cements	54.14	(-)2.20	55.50	53.10
Grasim Industries	3,087.70	(-)1.10	3,151.20	3,034.40
JK Cement	4,947.50	(-)4.30	5,076.20	4,835.20
JK Lakshmi Cement	598.75	1.40	616.40	582.60
Sagar Cements	179.49	0.70	182.90	173.80
Shree Cement	24,085.00	(-)4.70	24,928.30	23,608.30
UltraTech Cement	10,912.00	(-)5.00	11,234.70	10,684.70
India Cements	380.95	(-)0.30	386.90	375.10
Index	Levels
Nifty 50	23366.70	(-)0.80	23622.30	23154.90
BSE Sensex	74243.34	(-)0.70	75045.40	73587.70

 

End

 

Reported by Arundathi A R

Edited by Rajeev Pai

 

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