A couple of years ago the cement industry was a booming sector. It was during this period that most companies invested in massive capacities. Soon slowdown followed, putting pressure on prices. Despite the downslide noticed, the cement index has increased over the years. Investors planning to invest on ACC NSE or Ambuja Cements NSE or other cement stocks listed in the top bourses in India can hope for some good returns on investment made. Of course, in short term investments, especially intra-day trading, ebb and flow is a humdrum affair with prices going up one day and again going down another day. Close watch on the changing price trends can help the investor experience a win-win situation.
It is election time in most states and general elections are approaching. Amid such a political backdrop, will cement stocks perform up to market expectations? Elections are only good news for this industry, as construction activity is expected to pick up with analysts predicting about demand to be higher than capacity additions. If you have a look at the demand statistics for cement during the last one year, you will find a marked increase. Well, individual company performances do differ though overall demand has gone up. ACC on NSE, Ambuja Cements on NSE and other top cement companies listed on this bourse are exhibiting mixed results. To know about the performance of each stock on a daily basis, visit a news portal that displays the complete chart, updated in real time. The chart can help you know the previous closing price, opening price, the day’s high and low price changes, difference between bid and offer price, volume of shares traded, and related paraphernalia. Do not miss the 52-week price change dynamics. For example, during the last 52 weeks, price of ACC on NSE was perched lowest at Rs. 1104.05 and highest at Rs. 1545.35. And price of Ambuja Cements NSE was perched lowest at Rs. 135.75 and highest at Rs. 223.Prices of cement may sustain during the current year with improvement in capacity utilization. With Budget 2013 giving emphasis on the infrastructure sector, analysts expect the cement industry to go up by at least seven percent this year. Another triggering factor for an upward growth momentum of this industry is marginal increase of diesel and coal costs. This is good news for investors of cement stocks at large. So invest right and enjoy the returns you expect!
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