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

   

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:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Markets Weekahead

Markets Weekahead

Ride the bull with a finger on the ejector button.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

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