Higher volumes, price hikes put cement firms on strong footing

Eight out of 10 cement majors saw their shares scale new highs on Friday, thus adding to the strong gains accrued over the past few months. Cement is among the few sectors witnessing strong demand and pricing power. For instance, a rise in volumes, accompanied by a hike in cement prices, is likely to outweigh the impact of rising input costs for most companies in the March quarter (Q4), say analysts, who expect the sector to post strong profit growth. Antique Stock Broking analysts, led by Prateek Kumar, said in an earnings’ note: “During Q4, the cement industry registe.....

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