Demand recovery hope, price hikes brighten outlook of cement players

UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks

Cement players are back in the spotlight with the monsoon season’s end. While price hikes have already started in various regions, analysts see demand triggers falling in place, too. The uptick in infrastructure and housing activities, good rural demand, and the recent policy measures by the Reserve Bank of India (RBI) to support the real estate sector bode well for cement companies. 

Analysts say demand has already been ahead of expectations. “The demand recovery has surprised positively and we expect government-led infrastructure projects to further drive the demand momentum,” say analysts at Emkay Global. Looking at better-than-expected demand recovery, Binod Modi