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Informist, Friday, Jul. 17, 2026

 

MUMBAI – Cement stocks are expected to remain in a consolidated phase next week as long as the sectoral index, Nifty Cement, is below the immediate resistance of 15500 level. "A decisive break above 15500 spot levels could drag it towards 16000 and higher levels in near term," Vipin Kumar, assistant vice-president of research at Globe Capital Market, said. 

 

Shares of UltraTech Cement will be in focus as the company will announce its June quarter earnings Monday. The rise in operating costs is likely to offset the company's revenue gains for the June quarter. UltraTech Cement is expected to outperform other cement companies on both volume and revenue growth in the reporting quarter.

 

The company is expected to report a consolidated bottom line of INR 24.99 billion, which would translate to a 10% on-year rise, but a fall of 17% sequentially. UltraTech Cement's consolidated revenue from operations for the reporting quarter is estimated at INR 240.46 billion, up 13% on year and down 6.8% on quarter.

 

"While cement price hikes remain an ongoing concern, the industry is likely to make further attempts to pass on input cost pressures," Nirmal Bang Institutional Equities said in its sector report. However, the brokerage does not expect any meaningful price hikes in the near term due to increased competition. Over the near-to-medium term, any significant correction in cement prices is not projected, said the brokerage.

 

"We do not expect cement prices to go up QoQ (on quarter) in Q2FY27E (Jul-Sept), as demand softens with monsoon progressing," HDFC Securities said in a sector report. "However, fuel cost pressure will continue to build QoQ along with the seasonal op-lev loss."

 

TOP HEADLINES

 

* Earnings Outlook: Volume, price to aid UltraTech Q1 sales, cost to drag PAT

* Earnings Outlook: Peak cost inflation seen dragging down JK Cement's Q1 PAT

* Earnings Outlook: Volume growth to drive India Cements Q1 revenue, PAT

* CRISIL Ratings assigns 'AA' rating to Nuvoco Vistas' NCDs worth INR 5 bln

* Analyst Concall: Nuvoco Vistas sees cement prices stable, outlook positive

* Analyst Concall: Nuvoco Vistas sees stable cement prices, outlook positive

* India Ratings ups JSW Cement long-term bank facilities to AA- from A+

* Earnings Review: Nuvoco Vistas Q1 consol PAT up 20% YoY on slower cost rise

* Earnings Outlook: Nuvoco Vistas Apr-Jun PAT seen down on high operating cost

* Nuvoco Vistas arm starts 2 mtpa addl cement grinding capacity in Gujarat

 

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	1377.70	(-)0.50	1393.60	1350.20
AMBUJA CEMENTS LTD	438.50	0.50	445.00	427.90
ANDHRA CEMENTS LTD	49.01	(-)0.30	50.50	47.80
GRASIM INDUSTRIES LTD	3109.70	(-)3.20	3150.30	3045.10
JK CEMENT LTD	5391.00	(-)0.10	5513.00	5289.00
JK LAKSHMI CEMENT LTD	572.15	1.90	581.30	561.50
SAGAR CEMENTS LTD	180.43	(-)0.10	185.80	172.30
SHREE CEMENT LTD	26515.00	(-)0.40	27231.70	26041.70
ULTRATECH CEMENT LTD	11727.00	0.10	11869.70	11591.70
INDIA CEMENTS LTD	410.30	7.80	424.20	388.10
Index	Levels
NIFTY 50	24334.30	0.50	24535.10	23998.60
BSE SENSEX	78151.45	0.80	78888.60	76939.50

 

End

 

US$1 = INR 96.28

 

Reported by Arundathi A R

Edited by Deepshikha Bhardwaj

 

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