Cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. What they probably ignored was the fact that any industry which has been facing headwinds for a long time tends to sort the issues and few players are able to make a comeback as consolidation takes place. Pretty much what we have seen in power.
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The narrative is that monsoon is a bad time for cement stocks . However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing. With the continued focus on infrastructure, most of the small and mid-cap companies have been able to improve the quality of their balance sheet in the last nine years.We take a look at what analysts are saying across small and midcap 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.
In case of cement the prices are driven by domestic demand and supply dynamics and input costs matrix. With the continued focus on infrastructure, most of the small and mid-cap companies have been able to improve the quality of their balance sheet in the last nine years. We take a look at what analysts are saying across small and midcap 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.