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The industry outlook remains positive for cement: Deven Choksey

“After the monsoon, with business picking up momentum, the expected rise in demand would be significantly higher, especially due to the continuation of government projects. The demand scenario is expected to remain relatively stronger,” said Deven Choksey of KR Choksey. Choksey said the outlook for the industry remains positive.

“Particular companies like India Cements, even for that matter the ones that are there in the southern pockets, Ramco Cement and pan-Indian presence with Ultra Tech Cement and Adani Group now, who is ACC-Ambuja – Overall, some of the selected companies would do well. I’m not too sure right now for India Cements, but I see the corrective strategy taking place as far as the business is concerned. »


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