Nirmal Bang sees moderate demand in cement, scope for further improvement

As geopolitical tensions rise and input costs rise, cement stocks have been in focus. Mangesh Bhadang, Research Analyst at Nirmal Bang Institutional Equities discussed the outlook for the sector.

Currently, it is a desperate situation in the sector wherein all the drivers of business – demand, pricing and cost – are in the negative territory, he said. According to him, cement sector has shown resilience whenever there was a crisis, so there is scope for further improvement.

Demand is relatively better, it is moderate, he said.