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“The cement market has changed quite a lot. And the larger companies are becoming more and more powerful. They are the ones who are setting the price. They are the ones who are growing the fastest. So it is best to stick with the large companies who are growing at a good pace.”
In the medium to long term, Rakesh Arora, the former India research head of Macquarie believes it will be India’s decade on the back of factors like demographic dividend, government reforms and fiscal prudence
So they would need to come out with some fiscal stimulus, which they have hesitated till now. And monetary policy stimulus, which they have been giving have been largely ineffective. So it is a wait and watch situation from a Chinese point of view.
"The metals sector is facing headwinds due to the struggle of the housing sector in China, which has been a growth engine for the last 15-20 years, and the cut in China s key policy rates is not enough to revive the sector. Non-ferrous space is preferred over steel, as aluminium and copper have very low inventories in the system. Metal stocks have already run up, and valuations are not supportive for investing in metal stocks."