Improved growth in demand and volumes are expected to be key catalysts for future earnings growth of cement companies, based on which their share prices could move higher, analysts said. The key push will come from the government's likely higher capital expenditure in the remainder of the financial year ending Mar. 31 after the sluggish trend seen in Apr-Nov. However, the 10% increase in the Budget estimate for the financial year 2025-26 (Apr-Mar) over the revised estimate for FY25 was lower than expected. There were also concerns about whether the government would be able to meet this target.
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