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Informist, Friday, Jul. 24, 2026   

MUMBAI – Analysts expect cement stocks to recover gradually in the upcoming week as most of them logged substantial losses in the past week amid the rising oil prices. The corporate results of cement stocks for the June quarter will also be in focus, they said.

"Nifty Cement index is trading in a slightly upward sloping channel pattern having immediate support placed around 15000 and resistance around 15750 levels," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "A break from this channel will instigate the immediate short term move in that direction."

Crisil Ratings sees operating margin of cement makers to pare by INR 50-INR 70 per tonne on the back of elevated input costs due to the ongoing West Asia war. "Operating cash flows, however, should improve as domestic demand holds steady. This, along with strong balance sheets, will help sustain stable credit profiles across the sector," the rating agency said in a press release.

Crisil also expects ongoing capacity additions, which cater to growing demand, to keep capital expenditure elevated. However, lower-than-expected infrastructure spending, including delays in project awarding and execution, is likely to affect
cement demand, it said.

TOP HEADLINES

* Earnings Review: ACC Q1 numbers fall sharply on year, miss Street view

* Earnings Review: Dalmia Bharat net profit falls 52% YoY as expenses rise

* Orient Cement Apr-Jun PAT falls 62% YoY, sales fall 30%

* Crisil assigns AAA rating to UltraTech NCDs worth INR 20 bln; outlook stable

* Earnings Outlook: Rise in costs to hit Ambuja Cements Q1 PAT; sales seen flat

* Earnings Outlook: Rise in input cost to hit ACC Q1 PAT; sales up slightly

* Earnings Outlook: Dalmia Bharat Q1 PAT seen down due to high input costs

* Analyst Concall: Granules India expects US FDA to OK Gagillapur plant soon

* Analyst Concall: JK Cement sees FY27 capex at INR 35 bln, FY28 at INR 12 bln

* Analyst Concall: UltraTech sees cost surges of Q4, Q1 flow fully into Q2

* Earnings Review: UltraTech PAT up 17% YoY on 13% volume rise, low costs rise

* Earnings Review: JK Cement Q1 PAT down for 3rd qtr, but beats Street's view

* Earnings Review: India Cements posts PAT Q1 vs loss yr ago as expenses fall

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:

End

Reported by Arundathi A R

Edited by Akul Nishant Akhoury

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