Cement stocks set for faster recovery

Cement stocks set for faster recovery
11/04/2020 , by , in ALLIED

Select cement stocks including UltraTech, Ambuja Cements, Dalmia Bharat and Heidelberg Cement have gained 10-23% since March 24, notwithstanding the possibility of lacklustre volume growth in the coming months.

Better cost control due to higher proportion of variable costs, price discipline, better cash generation compared to players in other manufacturing sectors and cheaper valuations are the major factors attracting investors to cement stocks.

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