India Cements Share Price: Morgan Stanley highlights what’s keeping this cement stock weak?
Central was stable while North/West saw correction in the range of Rs 2-5/bag while prices were weaker in South/East (down by Rs 5-10/bag). At an all India level (simple average of all regions), cement prices would be down by 1-1.5% on MoM basis. Assuming current prices continue, the Dec 20 quarter could see realization weakness of 1-2.5% QoQ across our coverage universe (lowest for Shree / Ultratech and highest for Dalmia Bharat).
Assuming current prices continue, the Dec 20 quarter could see realization weakness of 1-2.5% QoQ across our coverage universe (lowest for Shree / Ultratech and highest for Dalmia Bharat): Reuters