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.
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