The public capex on housing especially affordable housing has taken a slow beat this budget season and budget infra capex as a %GDP going down and government curbing their expenditure growth. near term upside for cement companies cannot be seen. Even the price hikes which were seen in December & early Jan are not sustainable as demand remains weak as per cement industry. It will be interesting to look forward to how these acquisitions pan out in the next 5 years.
The public capex on housing especially affordable housing has taken a slow beat this budget season and budget infra capex as a %GDP going down and government curbing their expenditure growth. near term upside for cement companies cannot be seen. Even the price hikes which were seen in December & early Jan are not sustainable as demand remains weak as per cement industry. It will be interesting to look forward to how these acquisitions pan out in the next 5 years.