Cement shares in focus


Ambuja Cements, ACC, Shree Cement and UltraTech Cement are up 1-4% on the Bombay Stock Exchange.

Shares of cement maker are in demand and trading higher by up to 7% on the Bombay Stock Exchange (BSE). At 1340 hours, Shree Cement, Ambuja CementsACC and UltraTech Cement are up 1-4%, while JK Cement, Orient Cement, Ramco Cement, Birla Corporation and JK Lakshmi Cement have rallied between 5-7%.

According to market analyst 
the March to mid-June period is among the peak periods for cement demand before the monsoon season kicks in. Analysts say that month-on-month there has been some demand recovery in February.

Meanwhile, in past two weeks most of the frontline cement stocks like Ambuja Cements, ACC, UltraTech Cement, Shree Cement and India Cements have rallied more than 10% each on speculation about price hikes in northern India. The benchmark S&P BSE index has gained 4.2% during the same period.

 

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SOURCE: http://www.business-standard.com/

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