Cement stocks in focus in Modi 3.0: Birla Corp, JK Cement could give 14-22% return
Cement prices were under pressure since the beginning of CY24 due to intense competition followed by demand slowdown. Industry players attempted price hikes in Apr-May’24; however, a major part of those hikes was reversed in a couple of days. Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while … Read more
