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Posts Tagged ‘March

Cement Monthly

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March 2011

January to March is generally a quarter of strong cement demand. However, the demand revival has not been to the extent of supporting a double-digit demand growth for the year 2011. The cement dispatches of the top four cement players witnessed a YoY growth of 10.8% in March v/s a robust 15.5% in February. The dispatch growth of top four cement majors in January stood at 6.3%.

The strict supply discipline maintained by the industry resulted in rise in cement prices by Rs.40-50 per 50 kg bag in the last 4-6 months. The YoY prices have risen by ~ 25-30% YoY, thus resulting in better and stronger Q4FY11E nos.

The strong Q4FY11 nos. is well factored in the prices of the cement stocks; however, demand revival remains a key challenge for the sector. We remain positive on the long-term prospects of the cement sector, however in near term we believe the sector will move sideways.

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Written by Fundamental Side

April 15, 2011 at 5:40 pm

Posted in Cement

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Dips should be bought

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We have seen the markets in strong upward trend as it was anticipated after the breakout above 5550, it has already met with the target of 5950. There is flurry of activity noticed in midcap stocks & advancing stocks were far more than declining stocks. We anticipate stock specific activity to increase in coming days. Based on short term averages Nifty futures fall below 5850 will increase the downward momentum. On the upside 5950 remains as resistance which needs to be crossed for the next leg of upward momentum.

Looking to the current technical chart set up, medium & long term investors should use pullback as buying opportunity. It also looks like market is making base at 5650 hence from traders’ perspective risk for the current uptrend will increase if indices close below 5650 & short term reaction for the rise from 21st March could start if Nifty futures sustains below 5850 in this week.

Written by Rakesh Gandhi

April 6, 2011 at 5:34 pm

Posted in Market Watch

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