Cement Prices Set to Rise Nationwide in April, Despite Sluggish Demand Ahead of Elections

Cement companies are planning to increase prices starting this April. They’re looking at raising prices by about Rs 10-15 per bag, even though demand is a bit slow due to the upcoming elections.

In some parts of the country, especially in the south, the price hikes could be even higher. However, dealers think these hikes might not last long, and expect prices to go up by only Rs 10-20.

Cement prices have been going down for the past five months. Compared to last December, prices for the March quarter are 5-6% lower, especially in the east and south of India.

Even though more cement was sold from January to March, which is usually a strong time for sales, companies couldn’t increase prices.

Experts say that competition among big cement companies and lower costs have caused prices to drop.

By raising prices in April, cement companies might be able to make up for some of the losses from selling less cement. But it’s important to see if these price hikes will last. If demand stays low, companies might have to lower prices again.

Ravi Sodah, an analyst at Elara Securities, says that with the elections coming up, demand might slow down even more. So, cement companies might keep prices in check to protect their profits.

In southern India, prices might go up by Rs 30-50 per bag, while in central India, it might be Rs 15-20 per bag. In the north, prices could go up by Rs 10-15, and in the west, it could be Rs 20-25. In the east, prices might rise by about Rs 30 per bag.

Frequently Asked Questions (FAQ)
How Can I buy Or Invest in shares?
You can easily buy the stocks/shares of through either a broker or a financial institution by opening a Demat & Trading account online via Angel One.
How to buy Stocks/Shares?
To buy stocks with Angel One, you can follow these simple steps:
Open a Demat account with Angel One.
Explore the stock market, find Sat Industries, and place your order.
What’s the cost to open a Demat account with Angel One?
It’s free to open a Demat account with us.
Is Angel One AMC free?
First-year AMC is free, and from the second year, it’s Rs. 20 per month.
What are the brokerage charges for a Demat account with Angel One?
Zero brokerage for equity delivery trades; Rs. 20 per order for intraday.
Daily Index & Stock Option Research On Whatsapp
We will be happy to hear your thoughts

      Leave a reply

      Share Price India News