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Informist, Friday, Aug. 14, 2026

MUMBAI – Technical analysts expect the cement stocks to follow the broader market trend amid a lack of triggers with the earnings season coming to an end. While the June quarter earnings were encouraging for the sector, analysts expect the September quarter to be moderate due to low construction activity owing to monsoon. Increasing input costs, especially of power and fuel along with other raw materials, will also impact profitability.

Some analysts see the demand for cement to be intact for the financial year 2026-27 (Apr-Mar), which is seen offsetting the risks due to a rise in costs. The demand is seen improving on the back of increased government spending on infrastructure and steady demand in housing segment. The trend in the input costs would be closely watched out for in the subsequent quarters, analysts said. The cement industry is expected grow by around 7-8% in FY27, some analysts said. 

"The medium-term to long-term outlook for the Indian cement sector remains positive. However, profitability will depend on sustained pricing discipline, stability in fuel costs, demand absorption of new capacities, and regional supply-demand balance," Axis Securities said in a report. "While Q2FY27 (Jul-Sept) is likely to witness some seasonal moderation due to the monsoon and scheduled plant maintenance, demand is expected to regain momentum from Q3FY27 (Oct-Dec)and strengthen further into Q4FY27 (Jan-Mar)," it said. 

For the week, shares of 15 of the 16 constituents of the Nifty Cement index closed lower. The sectoral index is among the ones that underperformed and ended around 3% lower. The Nifty Cement Friday closed at 14987.65 points, down 95.60 points, or 0.6%. Ashish Sherigar, technical analyst at NVS Brokerage, said the cement index would find support at 14730-14520 points and face resistance at 15270-15400 points. 

TOP HEADLINES

* Analyst Concall: JSW Cement lines up capex of INR 43 bln for FY27, FY28
* JSW Cement to sell stake worth up to INR 1.23 bln in JSW One Platforms IPO
* UltraTech Cement promoter Pilani Investment sells 0.8% in co via block deals
* Earnings Review: JSW Cement Q1 PAT at INR 1.61 bln, beats Street estimate
* Analyst Concall: Grasim Ind sees Birla Opus as INR-100-bln brand by FY28
* JK Cement expands capacity with new wall putty mfg plant in Rajasthan
* Earnings Review: Grasim reports PAT after 2 qtrs of net loss amid soft costs
* Grasim Industries' resin CPVC plant begins commercial production
* Earnings Outlook: High costs to limit JSW Cement PAT growth; volumes seen up
* Ambuja Cements' arm commissions 1.2 mln tn/year cement grinding capacity
* Earnings Review: Star Cement Q1 PAT below view as high expenses drag

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 Gopika Balasubramanium

Edited by Deepshikha Bhardwaj

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