“Sooner rather than later, the dollar index is going to peak out very fast. In the short run, it is going to be volatile but in a slightly longer term, I am looking for the dollar coming below 100 on the variables and it is going to be a very big harbinger for emerging markets in the near term.”
With stable oil prices and energy costs, the operating matrix of the cement sector is favourable at this point of time. The only headwind would be any sharp and sustainable increase in oil prices. We take a look at what analysts are saying across cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Shree Cement stock has given a return of 3.87 percent over the last six months. The benchmark Nifty50 index has surged by 17.76 percent over the same duration.
Centrum Broking has downgraded Heidelberg Cement, JK Lakshmi Cement Ltd, Sagar Cements and Ultratech Cement by one notch. The brokerage has three 'buys', two 'Add', four 'Reduce' and three 'Sell' ratings within the cement sector.
As the seasonal factor of monsoon gets over, focus would come back to cement stocks. While the oil prices have seen a recent spike but they are still not above the comfort levels. With stable energy costs, the operating matrix of the cement sector is favourable. We take a look at what analysts are saying across cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.