There is no leverage issue in the country. Banks, companies, households, all are in pretty great shape. I would assume there is not much of a political/social negative surprise over there.
Sandip Sabharwal highlights Axis Bank s undervaluation, potential for re-rating. Discusses RBI s ban on Kotak credit cards, online accounts. Aditya Birla Group s impact on stock prices and the caution advised in the cement sector due to pricing pressures.
The muted trend in cement prices has become a niggling worry. A meaningful improvement in demand and pricing is possible only in the second half of FY25. Why are stock prices surging then?
In the last few days, there have been reports that cement prices have come down. This led to a sharp correction in the cement stocks. If one looks at the trend in cement prices, they have stayed first for the last eight months. There are a couple of points that one should look at before deciding to buy or sell both from the perspective of investing or even trading in cement space. The reason, a small dip in cement prices does not mean that the larger picture of the cement sector of having multiple tailwinds like increased demand due to focus on infrastructure and also better quality of balance sheet has changed.