On the contrary, there has been a rally in cement stocks and a re-rating of their equity valuation in the past three years despite an earnings contraction during the period.
The combined market capitalisation of 35 listed cement companies in the Business Standard sample was up 29 per cent between September 2021 and September 2024 despite a 29.1 per cent decline in these companies' net profit on a trailing 12-month basis during the period.
This story is from the October 23, 2024 edition of Business Standard.
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This story is from the October 23, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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