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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