UltraTech Cement (Rs 3,240) and Ambuja Cements (Rs 228) have touched their respective six-month high price, while The Ramco Cements (Rs 420) hit a 52-week high, while Shree Cement (Rs 13,020) touches four-month high on the BSE in intra-day trade.
Read more from our special coverage on “CEMENT”
- Cement shares harden; Ambuja Cements, Birla Corp up over 5%
In past three–trading sessions, most of the frontline cement stocks rises more than 5% each as compared to 1.7% rise in the S&P BSE Sensex.
According to Religare Institutional Research believes the cement industry should see 9-10% growth in Q4 (January-March).
UltraTech Cement said that the cement industry to witness strong demand growth ahead …in line with average historical multiple of GDP.
Demand to improve with government focusing on investment & infrastructure revival and various reforms, the company said in an investor conference in February.
The government’s focus on infrastructure is evident with the total targeted spending in FY17 increasing 28% over FY16.
This, along with a number of benefits provided on affordable housing, would aid recovery in cement demand, CRISIL Research said in a Budget analysis.
|JK Lakshmi Cement||305.15||337.25||10.52|
|K C P||74.70||81.70||9.37|
|The Ramco Cement||390.10||417.00||6.90|
|LTP : Last traded price on BSE in Rs at 12:16 PM|