JP Morgan cautious near term outlook on India cement sector

JP Morgan cautious near term outlook on India cement sector
Published: 11 January 2013

Tagged Under: India Consumption infrastructure 

JP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending over the next 12 months.

The investment bank says a growth in industry demand of more than eight per cent is unlikely over the next two years, as capacity will continue to outpace demand. (Source: Reuters.)