Five cement stocks double in stock price in one year
updated on 5 Sept 2016
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If you want to grow your portfolio as the economy balloons to a size of $3-4 trillion from $2 trillion over the next 4-5 years, you cannot ignore cement stocks. That, notwithstanding the one-time burden of the CCI's cartelisation fine that some of the biggies are facing.
This is one sector where none of the stocks has given negative returns. Almost five stocks have more than doubled investor wealth in last one year while each of the 15 stocks delivered more than 50 per cent returns in the same period.
The government expects the GDP growth to top 8 per cent this financial year, mainly on the back of a normal monsoon. Ficci said in a report that the latest Economic Outlook survey put the GDP growth forecast for 2016-17 at 7.8 per cent.
The cement sector gives you great exposure to the kind of construction activities happening in the economy and you have the government- sponsored housing for all scheme. The cement sector allows dual play on both the domestic housing story and infrastructure stories
Most of the cement companies have reported earnings that were largely in line with estimates. Earnings were driven by lower-than-expected costs which were primarily on account of a sharp drop in energy costs, mitigating the impact of lower-than-estimated realisations.