Ultratech, Ambuja and ACC are likely to report double digit volume growth at 10.0%/12.7%/10.6%, adds the brokerage.
(Photo Source: Vijay Sartape/ NDTV Profit)
The cement industry is showing signs of recovery after a sluggish H1 owing to adverse monsoons, delays in infrastructure fund allocations, and seasonality. Cement demand has begun picking pace in Q3 as cement prices inch up after months of lull, driven by pent-up demand. Overall, DRChoksey expects volume growth for companies under its coverage to be in the range of 8-9%, supported by a rebound in both trade and non-trade segments. Ru...