Valuations of top cement makers in reverse gear

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.

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by Decdeal

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