The brokerage expects this demand momentum to be sustained for the next three to four months. With government infrastructure thrust and housing projects firing up, the industry is eyeing a compound growth of 6-7% over the medium term, it said.
Shares of Adani Group companies gained on Tuesday as the listed entities of Gautam Adani-led conglomerate soared as much as 13 per cent after the India-US trade deal.
Domestic equity benchmarks Sensex and Nifty slipped on Friday, snapping a three-session winning streak. Investors now await the Union Budget 2026, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2026.
Among the energy sector names, Adani Total Gas and Adani Green Energy have both declined 35% from their highs recorded in September 2025.
SMC Global said that CESC has been trading within a downward-sloping channel for a considerable period, indicating a phase of healthy consolidation rather than a reversal from higher levels.
Axis Securities highlighted that the unified structure will optimise the network and branding, potentially leading to a margin improvement of at least Rs 100 per metric tonne.
Shares of Orient Cement jumped 10 per cent at the opening tick on Tuesday after the Adani Group company announced a scheme of amalgamation with Ambuja Cements.
Shares of Orient Cement climbed 9.85 per cent to hit a high of Rs 180 apiece in early trade. ACC shares fell 0.8 per cent to Rs 1,761.40 apiece. Ambuja Cements added 2 per cent to Rs 550.85 apiece.
Ambuja Cements announced the merger of ACC and Orient Cement with itself via an all share-swap transaction, with no cash consideration involved.
Stocks including ACC, HCL Technologies, IRCTC, Ambuja Cements, Lenskart, KSH International, Paytm, Ola Electric, Belrise and more will be in the spotlight on Tuesday, December 23.
The merger, subject to requisite approvals, is expected to be completed over the next 1 year





