ACC and UltraTech Cement have both surprised the street with a massive topline beat this quarter. Is this indicative of a turnaround in the cement sector? In an interview to CNBC-TV18, Sanjay Ladiwala, Chairman, Cement Stockists and Dealers Association of Bombay and Jaspreet Singh Arora of Systematix Shares and Stocks shared their views and outlook on the same.
Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
The cement sales in the month of November were down around 10 percent and would be low in December as well by a similar percent in case current cash withdrawal limits don‘t change, said Sanjay Ladiwala, Chairman, Cement Stockists & Dealers Association of Bombay
The Competition Commission of India (CCI) on Wednesday imposed Rs 6,700 crore penalty on 11 cement companies and their lobby group Cement Manufacturers Association (CMA) for alleged cartelization and price collusion.
Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
K Ravi, MD of NCL Industries, says the Telangana government is doing quite a bit for housing, infra, etc., which will boost prices, though at the moment prices haven't inched up much in the region
The amendment to the 2015 MMDR Act, when passed by the Rajya Sabha, will allow for transfer of captive mines in the country without the need for auction and will unclog a number of stuck deals in the mining sector.
Sanjay Ladiwala, chairman, Cement Stockists & Dealers Association says companies will not be able to pass it on because at the moment prices are under pressure.
Cement manufacturers have rolled out steep price increase across region.
There is optimism that prices would go up but at the same time when newer capacities come in, there will be pressure on prices, correction will happen, says Sanjay Ladiwala, Cement Stockists and Dealers Association of Mumbai. This volatility is likely to continue for the next six months.
Sanjay Ladiwala, President of Cement Stockists & Dealers Association of Mumbai told CNBC-TV18 the slowdown in the infrastructure space is pressurising cement prices.
Sanjay Ladiwala, President, Cement Stockists & Dealers Association of Mumbai said cement prices have weakened across India due to the weak monsoon. Due to the delay in rains, the usual price fall in June was felt in August as demand weakened, added Ladiwala.
The one sector that has been performing reasonably well over the past several weeks has been the cement sector. Summer and pre-monsoon are normally always a good time for cement stocks and cement companies to perform well.
Cement stock prices have witnessed a slight improvement over the last six weeks. However, Mohan Krishnaswamy, RBS Equities (India) says he would be cautious on the cement space in the near-term.
Sanjay Ladiwala, President of Cement Stockists & Dealers Association, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, said "South has a lot of headroom. Unfortunately, there is not much impetus given by the demand side there."
Cement manufacturers on Tuesday increased prices by an average Rs 6 per 50-kg bag in Mumbai, following a proposal in the budget to restructure the present excise duty, dealers and analysts said.
On account of continued margin pressures, most cement companies are hoping to increase prices for the first time in calendar year 2011, reports CNBC-TV18.
On account of continued margin pressures, most cement companies are hoping to increase prices for the first time in calendar year 2011. However, this hike may not be sustainable. "Logistical inadequacy is causing price hikes in the cement sector," says Sanjay Ladiwala president of the Cement Stockists and Dealers Association of Mumbai.