Government measures to boost cement demand

Mon Dec 17, 2012 1:57pm IST

A labourer unloads cement sacks from the wagon of a train at a yard in Kolkata June 25, 2012. REUTERS/Rupak De Chowdhuri/Files

A labourer unloads cement sacks from the wagon of a train at a yard in Kolkata June 25, 2012.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

Stocks

   
Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

Reuters Market Eye - India's cement industry will witness a sharp recovery in cement prices in fiscal 2013-14, on improving supply-demand dynamics and the government action to fast track infrastructure projects, analysts say.

Deutsche Bank believes cement companies such as UltraTech Cement(ULTC.NS) and Shree Cement (SHCM.NS) that have potential to increase capacity and have a bigger presence in western and northern India will witness "disproportionate benefits".

Bank of America Merrill Lynch upgrades Ultratech Cement and India Cements (ICMN.NS) to 'buy' from 'underperform' in reports dated on Friday.

Morgan Stanley maintains an 'attractive' view on the sector, and recommends investors to buy cement stocks on weakness because on expectations of easing capacity addition and pickup in cement demand, in a report dated Friday.

Mid-cap cement companies outperform large caps: India Cements (ICMN.NS) gains 0.7 percent, JK Cement (JKCE.NS) is up 1 percent while Madras Cement MSCM.NS rises 1.8 percent.

Ultratech Cement shares are down 1.2 percent, ACC (ACC.NS) gains 0.1 percent.

The Thomson Reuters construction materials index down 0.08 percent as of 1.25 pm.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Infrastructure

REUTERS SHOWCASE

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

L&T Slumps

L&T Slumps

L&T earnings raise 'multiple red flags' - Citi  Full Article 

Twitter Results

Twitter Results

Twitter assuages growth concerns for now as shares soar 35 percent  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Fed Meeting

Fed Meeting

Fed seen trimming bond buys, could offer vague rate clues  Full Article 

Gaza Conflict

Gaza Conflict

Israel strikes house of Hamas Gaza leader, digs in for long fight.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage