BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
Quarterly performance of the cement industry is expected to surprise the street with better-than expected traction in demand environment.
Against the general expectation of approximately 5-10% demand contraction in Q2 FY21, we expect the cement demand to have remained either flat or have witnessed marginal YoY growth.
Average sales volume of the cement companies under our coverage universe is expected to increase by approximately 1.6% YoY and 30% QoQ mainly led by sharp recovery in Northern and Central markets.
Improved availability of labourers and pent-up demand aided the demand environment during the quarter.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
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.
