After three price corrections, cement firms wait for hikes in Sept, Oct

After repeated corrections in cement prices over the past few months, all eyes are on the price hikes anticipated at the end of September or in early October. The same is crucial for profitability, earnings, and stock valuations of domestic cement manufacturers. Recent analysts’ channel checks suggested the all-India average price per 50 kg bag of cement corrected 2 per cent in August, over the month of July. Binod Modi at Reliance Securities points out that cement prices have corrected for three consecutive months, with the eastern region witnessing the steepest price correction o.....

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