Saturday, September 24, 2016

Cement Stocks Outlook for the week – 26 to 30.09.2016

Cement Stocks Outlook for the week – 26 to 30.09.2016

 Mixed next week, large-caps seen under pressure 


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  Stocks  of  cement  manufacturers  are  seen  trading  on  a  mixed  note  next  week,  with  large-cap companies such as ACC Ltd  and Ambuja Cements expected to bear the brunt  of higher valuations, while  mid-  and  small-caps  likely  to  fare  better.  For  cement  stocks,  the  profit  bookings  have  just started. Ambuja Cement stocks fell 1.3% during the week and analysts expect it to remain weak next week as well. Among large-caps in the sector, UltraTech Cement is seen bucking the negative trend. It  has  been  in  the  positive  territory  and  is  expected  to  continue  to  be  there.  Companies  with operations in north and east India are likely to face some resistance due to weak demand and on the impact of the ban on sand mining in Uttar Pradesh. Companies having a presence in west and south India are likely to fare better.


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