07 Jun , 2022 By : Divye Saini
New Delhi: Cement stocks have taken a hit lately, following the falling demand and prices for the sector. According to various brokerage reports, the demand for the cement has softened and the rising input cost is adding pressure.
Global brokerage Jefferies said the prices of cement dropped 3 per cent on a month-on-month (MoM) basis or Rs 11 per bag in May 2022, throughout the country.
The brokerage firm noted that the risk of downgrades in earnings estimates has resurfaced. "Multiple markets declined due to weak demand and the smallest decline was seen in the western region and the largest in the central region," it said.
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