Building Ahead: What Investors Can Expect from Construction Stocks in 2025 Part 3

Cement Industry Outlook Volume Growth: Cement volume growth is expected to moderate to 4–5% in FY2025, influenced by subdued demand and market oversupply . (Source:The Economic Times) Price Dynamics: Average cement prices declined by 10% year-on-year in H1 FY2025, but lower input costs, such as coal and pet coke, have partially offset the impact on profitability . (Source:The Economic Times) Stock Market Implications Investor Interest: The infrastructure boom has attracted investor interest in construction-related stocks, with companies like Larsen & Toubro and UltraTech Cement being notable beneficiaries . (Source:Barron's) IPO Activity: The approval of JSW Cement's IPO, valued at up to ₹40 billion, indicates strong investor confidence and is expected to further stimulate the construction sector . (Source:Reuters) Company-Specific Highlights J. Kumar Infraprojects: With an order book of ₹257.11 billion and a strong bidding pipeline, the company is poised for growth, aiming to secure projects worth ₹80–90 billion in FY2025 . (Source:MarketWatch) Dalmia Bharat: The company's expansion plans to increase cement grinding capacity to 49.5 million tons per annum by FY2025 are expected to drive growth, supported by sustained demand and cost-optimization efforts . (Source:MarketWatch)