NE-focused cement makers to outperform peers

NE-focused cement makers to outperform peers

The cement industry in India is nearing an upward cycle based increased infrastructure spending by the Government. Northeast India is likely to be a key beneficiary of higher government spending. Jefferies India said companies having exposure to this and other favourable regions, as derived from a parts of the sum ranking system, should outperform peers in the sector on asset valuations, even before earnings come through.

Northeast is more leveraged to public spending trends than any other region in India. With increased investment in infrastructure by the government and various projects already in the pipeline, the Northeast region should be the highest growth (sub) region in the country.

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