Due to a sharp fall in cement prices in Maharashtra, which accounts for around 60% of Orient Cement’s sales, the second quarter numbers of the company were below Street expectations. However, analysts are getting bullish on this counter. There are several reasons for this, most important being the improvement in the company’s market share even in these difficult times. While Orient Cement saw a quarter-on-quarter (q-o-q) volume growth of 4%, the cement industry as a whole saw a 5% fall in volumes, in regions where Orient Cement operates.
