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Informist, Thursday, Jun. 25, 2026

 

MUMBAI – Cement stocks are expected to trade with a negative bias as demand in June is expected to be mixed geographically. Demand will also be weighed due to the monsoon season and labour shortages in select regions, analysts said. However, they expect the demand to gain traction on the hopes of increased government capital expenditure on infrastructure. 

 

"The formation in the daily charts shows no sign of trend reversal," Jatin Gedia, vice president, technical research at Teji Mandi Investment Technologies, said about cement stocks. An up move in these constituents is expected only if they breach Friday's high, according to Gedia. 

 

On Friday, the Nifty Cement closed 0.2% lower at 15035 points. The index had touched a day's high of 15266.45 points. Only five stocks in the 16-stock index closed higher. Among the index constituents, Nuvocos Vistas Corp., Prism Johnson, Orient Cement, Shree Cement, Ambuja Cements, Dalmia Bharat, and ACC ended 1-3% lower and JK Cement, Birla Corp., The Ramco Cements, UltraTech Cement, and India Cements closed around 1% higher.   

 

Demand in the sector for June is expected to be mixed, with healthy traction in the western and southern parts of India, while remaining weak elsewhere, according to Nuvama. "Our channel checks indicate that cement demand is mixed in Jun-26 (June 2026) on account of unfavourable weather and labour shortages in select regions," the brokerage said. In June, cement prices in West Bengal fell by around INR 15–20 per bag, while in Maharashtra they rose by INR 10 per bag. Broadly, the prices were stable in other parts of the country. 

 

After government capital expenditure gained traction in April, coupled with higher spending in the 2026-27 (Apr-Mar) Budget, the sector has renewed hopes of a demand uptick, Nuvama said. Overall, government expenditure, including the Centre, states and public sector undertakings, fell 10% on year in the March quarter but rose 4% in FY26. In April, government spending on infrastructure rose 27% on year, according to the brokerage. "While falling crude prices are positive, sluggish volumes present a challenge," Nuvama said. The brokerage has a 'neutral' stance on the sector.          

 

TOP HEADLINES

 

* JK Cement preferred bidder for Gilund Limestone Block in Rajasthan
* GST officials conduct inspection at Prism Johnson's cement unit in Satna, MP
 

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	1337.90	(-)0.40	1381.00	1311.20
AMBUJA CEMENTS LTD	423.75	(-)0.10	438.60	415.10
ANDHRA CEMENTS LTD	52.34	(-)2.60	53.90	51.50
GRASIM INDUSTRIES LTD	3126.60	(-)0.70	3173.50	3091.70
JK CEMENT LTD	5577.00	1.30	5676.30	5480.30
JK LAKSHMI CEMENT LTD	594.60	(-)1.80	617.30	581.70
SAGAR CEMENTS LTD	178.32	3.70	183.80	172.20
SHREE CEMENT LTD	25735.00	2.60	26585.00	25235.00
ULTRATECH CEMENT LTD	11489.00	1.10	11761.00	11315.00
INDIA CEMENTS LTD	383.85	2.40	390.40	377.00
Index	Levels
NIFTY 50	24056.00	0.20	24341.50	23896.30
BSE SENSEX	77100.47	0.40	78109.00	76488.90

 

 

End

 

US$1 = INR 94.40

 

Reported by Adhithya Aji

Edited by Saji George Titus

 

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