Cement manufacturers losing pricing plot, says ICICI Securities; maintains 'buy' only on JK Cement

The cement industry has displayed a trend of maintaining price stability during difficult times, such as the demand weakness observed in FY20 or the COVID-19 pandemic in Q1FY21 and Q1FY22. However, once the situation starts to improve, cement prices tend to decline.

Ultratech Cement soared 46% in 9 months; trading near its all-time high

Despite their weak performance in the December quarter, cement stocks are moving higher as the sector's cost pressure is receding as the prices of key fuels in the process of making cement, such as pet coke and coal, are easing.

Stocks to buy: Analysts recommend betting on these 9 picks for the short term

Analysts suggest one should avoid taking aggressive bets in this market and pick quality stocks that are fundamentally sound and technically attractive.

Cement sector outlook: Centrum expects recovery of margins; prefers UltraTech Cement, Birla Corp

After a challenging year, the cement sector in India is likely to witness the twin advantage of better demand and softening of operating costs, thereby leading to the recovery of margins, domestic brokerage house Centrum Broking stated in a recent report.

Four cement stocks including UltraTech rose up to 10% in a week; here's what's driving the rally

In the last one week, shares of UltraTech Cement, Shree Cement, Ambuja Cements and Sagar Cements rallied in the range of 2–10%. In a recent note, brokerage firm Jefferies said cement prices were hiked in north India by ₹10–20 per bag and ₹5–10 per bag in the east and central regions and a few markets in the south.

Religare selects Ultratech Cement as a ‘High Conviction Pick’; 5 reasons why

On the back of strong demand opportunities, capacity expansion plans, reduction in debt, and strong growth outlook, domestic brokerage house Religare Broking has picked cement major UltraTech Cement as a 'high conviction idea'.

UltraTech Cement falls after Q3 earnings but brokerages remain positive on the stock

Following the release of the company's third-quarter numbers, domestic brokerage firms remained bullish on the stock, citing the company's strong fundamentals and growth drivers. Brokerage house IDBI Capital maintained its ‘buy’ rating on the stock with a revised target price of ₹7,965 apiece.

Q3 Earnings Preview: Cement companies' woes likely to continue as input costs eat into profitability

The raw material costs continued to remain a major concern for the cement sector for Q3FY23. The petcoke and coal prices in both domestic and international markets were still higher compared to the long-term average but corrected in the past couple of months.

From ITC to Titan, 8 blue chip stocks Motilal Oswal advises buying in 2023

Despite a roller coaster ride, Nifty gained 4% (as of 22nd December) for the year as compared to a 10-20% fall in most of the global indices. In fact, it touched a fresh lifetime high of 18,888 in November. As we step into 2023, the global factors like recessionary fears, geo-political risks and rising Covid cases in China could keep the equity markets volatile. Amid this backdrop, Motilal Oswal expects two themes to play out in CY23 - credit growth and capex and thus sectors like BFSI, capital goods, infrastructure, cement, housing, defence, railways could be in focus. It has listed 8 blue chip stocks to pick for the upcoming year. Let's take a look:

UltraTech Cement is down 5% this year. Can it be a decent bet at this juncture?

On December 13, Ultratech Cement announced the commissioning of a 1.9 mtpa greenfield clinker-backed grinding capacity at Pali Cement Works, Rajasthan.

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Cement manufacturers losing pricing plot, says ICICI Securities; maintains 'buy' only on JK Cement

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