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[hfe_template id='11223'] [ad_1] Cement prices were under pressure since the beginning of CY24 due to intense competition followed by demand slowdown. Industry players attempted price hikes in Apr-May’24; however, a major part of those hikes was reversed in a couple of days. Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while it was ~1% lower than 4QFY24 average. After a muted growth in Apr’24, cement demand improved in May’24. We estimate cement volume to grow ~5-6% MoM in May’24. Cement demand is estimated to be subdued in the near term due to the onset of monsoons in the next few weeks across markets. However, demand should rebound strongly in 2HFY25, supported by housing and infrastructure segments. We estimate an industry volume growth of ~5-6% YoY in 1HFY25, followed by ~8-9% YoY growth in 2HFY25.Recently, the newly formed government announced the construction of an additional 30mn rural and urban houses ...

[hfe_template id='11223'] [ad_1] While the entire green energy sector has been on an uptrend, solar companies are being seen as the biggest beneficiary of the push towards renewables with both Ambanis and Adanis vying for a piece of the pie. Smallcap solar company Waaree Renewable Technologies has been the top gainer in the solar pack with a mind-boggling annual return of 1,318%, followed by 561% gain in WAA Solar, 393% in Zodiac Energy and 236% in SJVN. Other top multibaggers in the list include KP Energy, Adani Power, BF Utilities, Orient Green Power, CESC and JSW Energy. Why solar stocks? With the world shifting to renewable sources of energy, solar has surpassed wind to become the largest source of new electricity for the second year running on the world map. Back home, India is also on the cusp of shifting to a green energy ecosystem from a fossil fuels-dominated one by creation of green energy capacity of 340 GW by 2030 at a projected expenditure budget of Rs 20 la...