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Cement, Steel, Building Material Companies in India will Have Degrowth During Sept Dec 2016 Quarter

Indian Infrastructure segment got the major jolt once Indian Government announced that all current INR 500 & INR 1000 notes will be replaced with new INR 500 & 2000 notes. Here we should not forget that government will keep close watch on deposit by individual or corporate and may send tax notice if tax department observe discrepancies.

Indian Infrastructure segment including real estate completely rely on cash transaction be it rolling rods to cement to tiles to marble.

Most of the ongoing projects to individual planning or building their own house will come to standstill as INR 500 & 1000 notes are the main transaction currencies in the segment.

Many traders involved in cement to steel or tiles or marble segment more or less work through cash transaction to save on taxes and impact government revenue stream.
The entire cash hoarding by them is penniless and they will be forced to go to government and face consequences.

The dry out of currencies will slowdown business which will impact above mentioned segment the most.

The cement to steel to building material companies were on the upswing but may observe decline and it will be buying opportunity for long term investor.

Please stay away from future and option market in a market which is expected to be volatile till March 2017.

Disclaimer: Please consult your financial advisor before investing.

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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  1. Great Article it its really informative and innovative keep us posted with new updates. its was really valuable. thanks a lot.
    foreign exchange