As per our channel checks with cement dealers and marketing managers in the southern region, cement prices have remained stable during the months of July and August, according to Karvy Stock Broking.

''Overall, 2QFY15 will be a strong quarter for the industry led by low base of last year, delayed monsoon, political stability in Telangana, and strong government at the centre boosting the capex sentiment in India all of which have resulted in strong demand growth YoY and QoQ stable to higher prices across India during 2QFY15. We expect cement NSR in 2QFY15 to be higher by 5-7% QoQ in the southern region and 0-3% QoQ higher in the eastern and western regions. We would in a follow up note update on the price trends in the northern and central regions,'' it said.

''Overall, the price hikes in the south should be positive for the southern players like Ramco Cements (HOLD), India Cements (Hold), Orient Cement (Not Rated), Sagar Cement (Not Rated) and pan India players like (Hold). The cascading impact of this price hike should be positive for pan India companies - ACC and UltraTech. The stability of the recently announced price hikes will lead to earnings upgrade for pan-India and southern players,'' it opined.

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