The valuations in the cement industry are under pressure again. Thanks to consistent poor growth in the demand scenario and erosion in margins which are pushing the cement stocks down.
In the first half of the current calendar year, top cement makers have seen their valuations take a hit by as high as 16 per cent. During this period, cement stocks corrected 10 per cent while benchmark market indices saw a drop of 8 per cent.
444
1999
245
299
944
1999
1159
1649
420
0
2186
0
499
989
218
300