Cement: Cautious View

Investors are recommended to book profit on the cement counter as this sector looks weak on the following reasons: - Cement prices are coming down on all India basis with maximum fall observed in South India (E.g. Rs 170 per 50 Kg bag in Vishakapatnam). - Our discussion with various industry experts suggests us that cement prices seems to have peaked out with supply overhang resulting in lower capacity...

Inflation at 0.44%…what next?

A combination of falling food articles & fuel prices and a high base effect from last year have led inflation this week to the historical low of 0.44%. The numbers were lower than the forecasted figure of 0.89% of Reuters but certainly in line with the trend that economy had expected. Annual inflation as measured by Wholesale Price Index was at 2.42% in the week before and at 7.78% in the corresponding week...