Infrastructure Equirus Securities sees 24 percent upside in this cement stock Updated : December 26, 2019 06:24 AM IST Cement prices have been volatile in the past two quarters due to sector dynamics and lower-then expected growth in demand. Analysts expect recovery in demand from late H2FY20 led by the government’s continued focus on infrastructure and a possible recovery in individual housing. While capacity addition in the mid-term is somewhat favourable, any improvement in utilisation would hinge on demand recovery. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.