Positive impactSector
Cement demand stronger than expected says CLSA’s Indrajit Agarwal, favours Ultratech
CNBC-TV18 1 hr ago·30 Sept 2026, 6:31 am
CLSA analyst Indrajit Agarwal notes that recent data points to cement demand outpacing expectations, especially as the monsoon season concludes, which could lift cement prices.
Higher prices and steadier input costs may improve profit margins for large cement producers such as Ultratech Cement. The analyst highlights clearer volume outlooks and ongoing cost‑saving initiatives as reasons for a more favorable view of the company.
Investors should monitor post‑monsoon construction activity, any shifts in cement pricing, and the sector’s continued organic capacity additions, as these factors will influence Ultratech’s earnings trajectory and market positioning.
Excerpt from CNBC-TV18
Indrajit Agarwal, Senior Research Analyst at CLSA, expects cement prices to improve after the monsoon, supporting a recovery in profitability as costs stabilise. He prefers large-cap cement companies, citing better visibility on volume growth and cost savings, with Ultratech Cement as his top pick. He also expects…Read the original at CNBC-TV18
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns UltraTech Cement (ULTRACEMCO).
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for UltraTech Cement worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
