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CEMENT SECTOR UPDATE
Channel checks indicate that cement prices have witnessed a correction
across regions due to monsoons but prices are expected to recover post
monsoons.
Demand has improved ahead of our estimates due to delayed onset of
monsoons and revival in construction activity. Dealers indicate that improved
momentum is expected to continue in coming quarters also.
In near to medium term, sector may continue to get impacted by higher
costs. However, improvement in cement prices is likely to improve profitability
in coming quarters.
We continue to remain selectively positive on cement sector and prefer
Grasim industries and Shree cements ltd.
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
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CEMENT SECTOR UPDATE
Channel checks indicate that cement prices have witnessed a correction
across regions due to monsoons but prices are expected to recover post
monsoons.
Demand has improved ahead of our estimates due to delayed onset of
monsoons and revival in construction activity. Dealers indicate that improved
momentum is expected to continue in coming quarters also.
In near to medium term, sector may continue to get impacted by higher
costs. However, improvement in cement prices is likely to improve profitability
in coming quarters.
We continue to remain selectively positive on cement sector and prefer
Grasim industries and Shree cements ltd.
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
LINK
http://www.kotaksecurities.com/pdf/dmb/MorningInsight10092014zp.pdf
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