Cement firms roll back price hikes, give up their premium valuations
Large-cap cement stocks are trading at 1-year forward EV/Ebitda of 9-17 times, far lower compared to the highs last year
MARK TO MARKET
With cost pressures now easing and demand playing catch-up, a revival in prices would have done wonders for cement stocks. Indeed, in their bid to pass on elevated operating costs, cement companies recently raised prices in north and central India....
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