The article is dated 30th October. Today, 17 days after the article is published, the prices have only came down somewhat for most south cement companies.
Nagarjuna cement is still being sold at Rs 325/bag by online retailer in Hyderabad. In October it was being sold for Rs. 340/bag. The realizations are definitely lower than before.
So one shall be watchful but no need to panic yet. Things may improve if historical trends hold true and demand improves post Diwali till June.
Disclosure : - I hold NCL
Subscribe To Our Free Newsletter |