SP Tulsian of sptulsian.com told CNBC-TV18, "The things are really looking dull for all cement companies, because going ahead the margins are going to be really bad for their September quarter due to poor off take as well as margin."
He further added, "Tomorrow we will be seeing the results of Ambuja Cements and ACC, so all this margin pressure is likely to continue. They maybe able to maintain the topline, but the margin pressure continues to remain. So I will be expecting the flat kind of numbers what the companies have posted for March quarter on the topline, but maybe slight shrinkage on the sequential basis on the bottomline. Overall the caution continues to remain on these stocks for next three months or so."
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