1. With the upcoming 2024 general elections, the government's focus on infrastructure shall increase, thus improving the demand for cement. This can also be visible from the fact that the govt. has set targets like creating 220 new airports in the next 2.5 years, Expressway projects, fast-paced Metro Construction across cities, road construction, etc.  

2. In the last 3-6 months input costs have seen a drastic rise but have started to stabilize. However, the companies have decided to take a significant price hike, which when fully observed will result in improved profitability.

3. After a long run of sluggish demand in the housing sector, there has been a pickup in demand for real estate especially housing due to an increase in affordability, decrease in interest rates, etc. As a result of which, the unsold/ready-to-move inventory has started to decrease and the companies are coming up with new launches at a fast pace, which will again improve the demand for cement for the next few years.

4. Recently, Adani Group acquired Ambuja Cements and ACC Ltd. and has set aggressive capacity expansion targets to achieve in the next 5 years. This is not possible to achieve via Organic Route and thus, the company might go for Inorganic M&A activities which might result in Industry Consolidation as other players might also bid aggressively in order to protect their market share, and thus, only effective and profitable players will continue to operate in the industry.