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According to Kotak Institutional Equities research, in March 2019, cement prices increased by Rs 5 per bag on an average in the south region to Rs 362 per bag
The cement prices have reportedly started recovering after a year, on account of the price hike in southern and western regions.
The time might have just arrived for re-starting the purchase-cycle once again
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2018 will be recorded as a year marked by consistent volatility – on account of both international and domestic events.
Better functional effectiveness and operating leverage have helped cement firms perform well despite rise in diesel and petcoke prices.
Cement prices rose for the second straight month but remained lower than a year ago in May, usually a busy month for construction ahead of the monsoon season.
Cement prices fell in March after three straight months of increase as manufacturers focussed on higher volumes. According to reports, the all-India cement prices dropped by Rs 9 per bag amounting to Rs 322.
The budgetary expenditure on infrastructure for 2018-19 is being enhanced by Rs 1 lakh crore to Rs 5.97 lakh crore against an estimated expenditure of Rs 4.94 lakh crore in 2017-18.