Key Points
Anything linked to construction, whether it is spending on infrastructure projects by the government or private spending on home building, comes down..
This brings an element of cyclicality in some industries, right from cement to homebuilding products..
However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing...
Like every other industry, home building products like ceramic tiles and laminates witnessed headwinds when commodity prices including natural gas witnessed a sharp rise last year..
Now with softening of some of the raw materials, the pressure on margins may come down, while the demand tailwind continues..
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