Sid ki SIP: Buy THESE 4 cement stocks for number returns

Stock to buy: Market expert Siddharth Sedani in a special segment ‘Sid ki SIP’ aired on Zee Business recommended four cement stocks to make investors’ portfolios strong under the theme ‘Walls of India’.

Siddharth said that the demand will remain strong in Q3 and Q4 as construction activities have gained momentum. He added that infrastructure projects are increasing and there can be significant allocation to the infrastructure segment in the Union Budget 2023-24. 

Sedani said that the demand for cement will be around 98 million tons in the next two years. He said that volumes of the cement industry in November were strong and are expected to remain sturdy in the coming quarters.

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Four stock recommendations by Siddharth Sedani 

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UltraTech Cement 

Sedani said that the cement company has a capacity of 120 million tons and holds a 23 per cent market share at the India level. He further said that the company’s realizations are strong and the company is growing by 7 per cent.

According to Sedani, Ultratech Cement has an expansion capacity of Rs 6000 crore and is ahead of its competitors as it increases its capacity by 10 per cent while the whole industry increases it by 7 per cent.

UltraTech Cement Price- Rs 7,224.90

UltraTech Cement Target - Rs 7600  

Dalmia Bharat 

Siddhart while recommending Dalmia Bharat said it is in expansion mode while referring to the recent acquisition of Jaypee Cement plants. He said that the company is expanding in Central India and Uttar Pradesh. 

According to Sedani, the company's volumes in the quarter ending September are growing by 13 per cent and PAN India there is an increase in the price of 5-6 per cent. He added that the company is planning to increase capacities from 39 to 49 million tons. 

Dalmia Bharat Price- Rs 1,895.25

Dalmia Bharat Target - Rs 2160 

Birla Corp 

Siddharth said that Birla Corporation is one of the largest players in the cement industry. He further said that the company is performing well in North and Central India and its realizations are getting better. 

Sedani expects a price increase in Q3 and Q4 and the overall outlook according to him is strong.

Birla Corp Price- Rs 1,060.05

Birla Corp Target Rs 1373 

Sagar Cement 

South India-based company that operates in Andhra Pradesh and Telangana has an 8 million tons capacity and is planning to increase capacity according to Sedani. 

Siddharth said that Sagar Cement’s revenue is expected to grow by 26 per and the capacity is expected to increase to 11 million tonnes.

Sagar Cement Price- Rs 259.05

Sagar Cement Target- Rs 283 

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