Jefferies on Cement
Interaction with dealers on Sep'22 cement pricing suggests:
1) prices grew 3% MoM & Sep'22 exit price is 1% above qtr avg
2) 2QFY23 avg price is down 5-5.5% QoQ
3) Further, price hike announcement in few markets for Oct
4) Improvement in demand in Sep
-CNBC-TV18