Cement Stocks Outlook
Seen down as selling pressure likely to continue
This story was originally published at 19:20 IST on 19 December 2025
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MUMBAI – Analysts expect cement stocks to fall 5-6% in the next 2-3 weeks amid weak sentiment for the sector. "The selling pressure in the cement stocks, especially Shree Cement, is expected to continue," Sundar Kewat, technical and derivatives analyst at Ashika Group, said. Shares of Shree Cement fell nearly 2% during the previous two sessions.
Cement companies may see lower realisations in the December quarter owing to price cuts undertaken in October, analysts said. The current weak prices and elevated pet coke prices are likely to impact earnings before interest, tax, depreciation, and amortisation of the industry in the December quarter, according to a report by Prabhudas Lilladher. However, cement prices are expected to improve in January on the back of a rise in sectoral demand.
"Quarter improvement will not come and realisations are likely to be lower in the December quarter," Ravi Sodah, equity analyst at Elara Capital, said. The fall in cement prices in October is expected to drag down the net sales realisation of the cement companies on a sequential basis in the December quarter, according to a report by HDFC Securities. However, the brokerage also expects the industry to have price hikes in the March quarter to pass on the impact of a fuel price increase and to recover from the decline in cement prices in October.
"Along with GoI's (Government of India) long-term efforts in direct tax reduction and GST (goods and services tax) rationalisation, seasonally stronger period for construction activities is expected to lead to an improvement in cement demand," broking firm Prabhudas Lilladher said. According to the brokerage, demand momentum has picked up in the second half of 2025–26 (Apr-Mar), aided by rural housing, commercial, and urban housing.
TOP HEADLINES
* Shree Cement declares lockout at Chhattisgarh plant due to workers' strike
Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % |
Resistance | Support |
| ACC LTD | 1751.50 | (-)1.10 | 1779.20 | 1733.20 |
| AMBUJA CEMENTS LTD | 539.65 | (-)1.60 | 544.40 | 532.80 |
| ANDHRA CEMENTS LTD | 67.45 | (-)8.30 | 73.60 | 63.90 |
| GRASIM INDUSTRIES LTD | 2812.50 | (-)0.90 | 2852.20 | 2770.20 |
| JK CEMENT LTD | 5419.50 | (-)5.30 | 5519.20 | 5342.20 |
| JK LAKSHMI CEMENT LTD | 783.95 | 0.50 | 821.10 | 741.50 |
| SAGAR CEMENTS LTD | 208.24 | (-)2.20 | 212.30 | 204.50 |
| SHREE CEMENT LTD | 25600.00 | (-)2.60 | 25913.30 | 25203.30 |
| ULTRATECH CEMENT LTD | 11496.00 | (-)1.90 | 11576.00 | 11402.00 |
| INDIA CEMENTS LTD | 438.00 | 5.80 | 458.90 | 416.20 |
| NIFTY 50 | 25966.40 | (-)0.30 | 26059.60 | 25833.80 |
| BSE SENSEX | 84929.36 | (-)0.40 | 85243.10 | 84578.10 |
End
Reported by Arundathi A R
Edited by Tanima Banerjee
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