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 prices have been raised by Rs 10 for 50 kilo bag in Delhi and by Rs 5 in Gujarat, rise in coal price should to be blamed for this, says Sudhir Bidkar, chief financial officer of JK Lakshmi Cement.
In an interview with CNBC-TV18, Sudhir Bidkar, CFO, JK Lakshmi Cement gave his outlook on cement prices going forward.