Best Cement Stocks to Buy in India 2024
India is the second largest cement
producer in the world, following China, and is also the third largest consumer
of cement and cement products. Housing & Real Estate demands 65% share of
cement, followed by Public Infrastructure which requires 25% and Industrial
Development has 10% demand for cement. While the pandemic halted many
construction projects, cement companies were forced to manage their costs. But
since the lockdowns were lifted, many projects have resumed and thus demand is
expected to grow. It is imperative that we grab the opportunity to invest in
this sector and find the best cement stocks. Cement Industry is highly
capital-intensive and has huge fixed costs. It must be evaluated regionally
since demand may vary from region to region.
Companies that can control fixed costs
of logistics and power consumption are the ones with higher profit margins.
Companies that have plants spread across the country can control costs related
logistics better than their competitors.
Read More: Best Cement Stocks to Buy in India 2024
#StockMarket,#Cement,#CementIndustry
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