Sectoral spotlight: Brokerages see potential in cement sector; pick stocks for long-term gains
Pan-India average price is down 1% month-on-month in March 2023 and flat on the quarter-to-date basis in 4QFY23. The cement players attempted price hikes in February-March 2023 however, a significant portion of the hikes was reversed by offering discounts, incentives and price cuts. As a result, the all-India average cement price appears to be flat to marginally negative in 4Q v/s 3QFY23