Recent results of NCL Industries and Keerthi Industries were not that good. The reason is that cement demand has gone down in South as well in past 3-4 months.
The sale of cement in general has come down in the last three months.
There is also some volatility in the production and dispatches.
Consequently, the prices have headed south to hover around ₹250-280
depending on the regional markets.
Reference:
http://www.thehindubusinessline.com/news/will-the-festival-season-bring-cheer-to-cement-cos/article7823889.ece
As per the above link, we can hope of revival of cement demand this quarter. In any case, we can rest assured that there is nothing wrong with these companies. When cement demand will increase then these should gain their share. In present situation, we can say that result is not bad.
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