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The Competition Commission of India began investigating some cement companies’ alleged anti-competition behaviour.
Some short-term sentimental impact on stock prices, we believe, is likely. With input prices rising, however, price hikes cannot be ruled out in the long term.
We ran a channel check to gauge the current demand and pricing milieu. After firm demand in October, November was partially hit by the Diwali holidays and region-specific issues, which dealers said were temporary as infra activity is improving and higher individual housing building demand is expected.
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