IFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, in a recent report on the Cement sector said that prices had witnessed an increase of Rs. 5-50 per bag across the country, except in the south and Gujarat, as the monsoon was drawing to a close.
Sharp price increases were seen in the institutional segments in Ludhiana, Lucknow, New Delhi and Kolkata, and according to producers, further price increases were expected in the coming weeks, the report said.
According to dealers, demand was improving in the infrastructure segment in Uttar Pradesh due to pre-election spending, and in the housing segment in the National Capital Regions, the report said.
Despatch growth is likely to be strong for the current month owing to re-stocking demand post monsoon, the report stated.
“We expect demand growth to improve from the second half on likely revival in rural housing and infrastructure segments,” IIFL said.
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