Research ReportsCement Q3 Preview- Recovery On The Horizon Says Systematix; Bets On ACC, UltraTech, Sagar Cements As Top Picks
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Cement Q3 Preview- Recovery On The Horizon Says Systematix; Bets On ACC, UltraTech, Sagar Cements As Top Picks
The brokerage expects Ultratech and ACC to report double digit growth at 10.2%/14.9% YoY while Shree Cement, Dalmia and JK are likely to report slower growth at 3.9%/ 4.4%/ 6.1%.
Cement bags lying inside a warehouse in Jogeshwari, Mumbai. (Source: Vijay Sartape/ NDTV Profit)
The brokerage maintains a structurally positive outlook on the industry, with a preference for companies that have balanced geographic footprint, strong capacity utilisation and are making huge strides towards green energy transition.