Demand for Ambuja Cements NSE Stocks
Dark clouds are hovering around in the realm of the cement industry affecting manufacturers more than dealers. It is the real estate sector the uptrend of which is good news for this industry and vice versa. When the real estate industry saw its zenith in growth, the cement industry equally exhibited fast growth. With demand for cement falling in the real estate segment, it is no surprise if big cement companies in the December 2012 quarterly results register subdued earnings. To add to the downfall are high electricity costs and equally higher diesel prices. In few regions of the country, the slow demand follows from non-availability of other building materials like sand and brick. Ambuja Cements on NSE not to mention other cement stocks are thereby being witnessing 'sells' rather than 'buys', leading to drop of prices.
This is the current situation of the cement stock market. It is certainly a temporary downtrend. If you view the performance record of ACC on NSE besides its quarterly results year on year, these stocks are indeed a good bet, especially for the long term. Cautious market watch is a must for short-term trading. If you are an intra-day investor of Ambuja Cements NSE stock, view its previous close price, opening price, the low-high price statistics for the day, difference between offer and bid price, market overview, and more not to mention its price change during the last 52 weeks. Going by the 52-week performance statistics, the lowest price tag of ACC NSE stock was at Rs. 1104.05 and the highest at Rs. 1545.35.
Political factors do affect the performance of A C C NSE and other cement stocks. For example, it was projected that if Narendra Modi won in Gujarat, a lot of emphasis would be laid on infrastructure, the implementation of which would lead to increasing demand of cement in the state. Modi has won the elections. It is to wait and watch when the infrastructural plans (construction of 5 million new houses for Ahmedabad metro rail, 10-laning of roads, irrigation and port projects, etc.) get implemented. The faster, the better it is for the cement stock market. At least demand in one state can make a big difference in the overall performance of cement stocks. So, if you are all geared up to invest on Ambuja Cements NSE stocks, stay updated with the latest news and invest the smart way to experience a win-win situation.
This is the current situation of the cement stock market. It is certainly a temporary downtrend. If you view the performance record of ACC on NSE besides its quarterly results year on year, these stocks are indeed a good bet, especially for the long term. Cautious market watch is a must for short-term trading. If you are an intra-day investor of Ambuja Cements NSE stock, view its previous close price, opening price, the low-high price statistics for the day, difference between offer and bid price, market overview, and more not to mention its price change during the last 52 weeks. Going by the 52-week performance statistics, the lowest price tag of ACC NSE stock was at Rs. 1104.05 and the highest at Rs. 1545.35.
Political factors do affect the performance of A C C NSE and other cement stocks. For example, it was projected that if Narendra Modi won in Gujarat, a lot of emphasis would be laid on infrastructure, the implementation of which would lead to increasing demand of cement in the state. Modi has won the elections. It is to wait and watch when the infrastructural plans (construction of 5 million new houses for Ahmedabad metro rail, 10-laning of roads, irrigation and port projects, etc.) get implemented. The faster, the better it is for the cement stock market. At least demand in one state can make a big difference in the overall performance of cement stocks. So, if you are all geared up to invest on Ambuja Cements NSE stocks, stay updated with the latest news and invest the smart way to experience a win-win situation.
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