Cement Stocks Outlook for the week – 26 to 30.09.2016
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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.
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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