And, this is precisely what India Cements Ltd’s investors are worried about. Although cement prices in south India were recently raised by ₹30-35 per 50kg bag, analysts are sceptical about these steep price hikes persisting. Even if they do, India Cements’ ballooning debt due to capacity expansions, is feared to counter the positives of better realizations. It should be noted that India Cements has been a case of swollen debt for some time now. No wonder then that the stock price has halved in the past year.

Source: Mint February 17, 2019 18:45 UTC