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Based on our channel checks, cement prices have remained firm throughout the country barring the East and South regions, where prices have corrected meaningfully.
Given the news that the Competition Commission of India is investigating cement companies for price collusion and various industry bodies complaining about the steep hike in cement prices in recent times, a price correction in various markets was expected.
We were expecting price corrections in South markets, but the correction was steep in East markets followed by some locations in South.
Prices in North, West and Central markets remained firm with marginal declines.
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