India's cement demand is expected to see broad-based growth across FY25–30, led by rural housing supported by higher farm incomes due to healthy monsoon, better affordability and the ongoing push from government through initiatives like PMAY-G. Urban housing growth will be driven by low inventory, improving launches and rising trend of nuclearization in metro cities.
NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Report
We reiterate our positive outlook on the sector in the medium-to-long term with some near-term hiccups. We are witnessing companies focusing on the market share as soft prices are partially offset by lower pland and fuel and freight costs.
We believe larger companies to gain in a big way owing to their size and flexibility.
We keep UltraTech (target price: Rs 14,481) and Ambuja Cement (target price: Rs 722) as our top pick in the large cap and Nuvoco Vistas (target price Rs 540) in the midcap.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
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.
