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Informist, Friday, Jun. 19, 2026 

 

MUMBAI – Analysts hold a positive outlook for the cement sector, aided by expected demand growth on the back of increased government spending in infrastructure. Technically, analysts see cement stocks rebounding next week after a few straight sessions of fall.

 

"Ambuja Cements and JSW Cement are expected to perform well, along with traction," Anshul Jain, head of research at Lakshmishree Investments, said. Ambuja Cements has risen for the past two weeks. However, on Friday, shares of both companies ended 1-2% lower.

 

Cement demand is expected to grow 5% in 2026-27 (Apr-Mar), Equirus Securities said in a report. "Though some demand support is expected from a reduction in GST on cement and the government's continued emphasis on infrastructure spending."

 

The brokerage said the cement industry is expected to have grown 6.5–7.5% in FY26, supported by sustained momentum across the housing and infrastructure sectors. Demand remained resilient during the year, driven by robust construction activity, especially post-monsoon in the second half of FY26, the brokerage said.

 

According to Equirus, increasing capital expenditure on highways, ports, metro rail, and industrial corridors is accelerating construction activity and boosting cement demand. "Longterm consumption is further supported by PLI (Production-Linked Incentive) schemes, Smart Cities initiatives, FDI inflows and China+1-led manufacturing shifts," it said. Sustained infrastructure-led growth in the cement sector is expected to be reinforced by a $2.6 trillion National Infrastructure pipeline and robust capital expenditure allocations.

 

However, Palak Devadiga, equity research associate at BP Equities, said the near-term dynamics in the sector remain mixed. "The onset of the monsoon is expected to weigh on volumes and pricing in the seasonally weak first quarter of the fiscal year, with regional divergence evident, eastern markets showing strength on infrastructure-led pre-monsoon stocking, while western and northern regions face softer realisations amid elevated supply," she said. On the cost side, she expects the increase in fuel and logistics expenses to moderate profitability even as volumes hold up. This suggests a higher probability of margin moderation than expansion over the next couple of quarters, according to Devadiga.

 

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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	1343.30	0.50	1373.10	1325.10
AMBUJA CEMENTS LTD	423.95	0.20	437.50	415.10
ANDHRA CEMENTS LTD	53.74	0.20	55.00	51.70
GRASIM INDUSTRIES LTD	3149.50	1.40	3185.80	3111.80
JK CEMENT LTD	5503.50	13.30	5601.80	5395.80
JK LAKSHMI CEMENT LTD	605.50	2.80	622.80	581.40
SAGAR CEMENTS LTD	172.03	2.70	174.50	168.90
SHREE CEMENT LTD	25075.00	3.70	25605.00	24675.00
ULTRATECH CEMENT LTD	11367.00	2.30	11557.00	11205.00
INDIA CEMENTS LTD	374.85	(-)4.60	387.50	367.30
Index	Levels
NIFTY 50	24013.10	1.70	24132.70	23842.10
BSE SENSEX	76802.90	1.70	77156.70	76292.80

 

End

 

Reported by Arundathi A R

Edited by Saji George Titus

 

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