Cement Price Hike :- Everyone has a dream. That he has his own house. If you are also planning to build these two houses. So this news may be important for you. You may get a little shock after hearing this news. Because the cement companies are preparing to increase the price once again. Cement prices will increase in many areas of the country. According to news quoting sources, cement prices will increase in the states of South and North India from October.

Cement prices will increase

If we talk about the rate of cement in South India, it may increase by Rs 30-40 per bag. At the same time, in the North the price can be increased by Rs 10 to Rs 20 per bag. Earlier, at the beginning of September, cement companies had increased the price by Rs 10-35 per bag. At that time also the price of cement had increased in all areas of the country. Let us tell you that even in August the prices had increased by 1 to 2 percent on monthly basis. Demand is being said to be the reason for the rise in the price of cement. Demand for cement has increased due to less rainfall.

Read More - One Plus Smartphone Come in The Budget of Very Poor People, Battery Will Last 3 Days on 24 Minutes of Charge

Price may increase by ₹10 to ₹40

Estimates are being made. That due to increase in cement rates, the operating profit (EBITDA) of companies will be good in the second quarter. It will get support from the reduction in energy cost along with the price in margin. Experts are advising to invest in the stocks of cement companies. It is being said. That the price of cement will increase in South and North India from October 1. Each bag can be increased from Rs 10 to Rs 40.

Read More - New Maruti Ertiga Has Come To Remove Innova From The Way, it Has Become Amazing in 28kmpl Mileage

Company's organic capacity expansion plan moving forward

Axis Securities has advised 'Buy' on UltraTech Cement with a target of Rs 9,520. Brokerage says. That the company's organic capacity expansion plans are progressing well. In the upcoming financial year 2025-26, the grinding capacity of the company will increase from 135.1 mtpa to 165 mtpa.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: September 29, 2023

Posted By Rahul Bhardwaj

Follow Us on Google News - Click For Latest News