BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The pricing optimism, expressed by several sector experts and intermediaries, towards the end of September 2023 remains high across regions.
Living up to the feedback of a ripe expectation, cement prices have indeed seen a sharp spike in South India in October 2023 and its rub-off effect has been witnessed in West India as well.
Although with some lag (announced in end Sep-23 but implemented in Oct-23), hikes are seen getting absorbed in North and Central India, too.
While pricing optimism is on a high, its sustainability in the upcoming festive season may be the real litmus test. We maintain our stance that even as fundamental sector concerns remain intact; the hikes may improve cement sector sentiment in the near term.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
