(Bloomberg) -- Shares of ACC Ltd. and rival Indian
cement makers surged after Morgan Stanley said prices may rise
on the finance minister's statement the government hasn't asked
companies to freeze rates and wouldn't interfere in setting them.
``Pricing power appears to have returned for the next six
to nine months for cement companies,'' Mumbai-based analyst
Akshay Soni at Morgan Stanley said in a note to clients today.
``With inflation easing, the government seems to have relaxed
their stance on cement pricing.''
Read more at Bloomberg Emerging Markets News
cement makers surged after Morgan Stanley said prices may rise
on the finance minister's statement the government hasn't asked
companies to freeze rates and wouldn't interfere in setting them.
``Pricing power appears to have returned for the next six
to nine months for cement companies,'' Mumbai-based analyst
Akshay Soni at Morgan Stanley said in a note to clients today.
``With inflation easing, the government seems to have relaxed
their stance on cement pricing.''
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment