Cement shares extend rally; Deccan Cements, Mangalam Cement hit new high

Prism Cement, Deccan Cements, Orient Cement, Panyam Cement and Gujarat Sidhee Cement were up in the range of 5% to 12% on Friday

Shares of cement companies were trading higher for the second straight day on expectation of increase in demand on the back of pick up in the affordable and rural housing segments.

Prism Cement, Deccan Cements, Orient Cement, Panyam Cement and Gujarat Sidhee Cement were up in the range of 5% to 12%, while Star Cement, India Cements, HeidelbergCement India, Sanghi Industries and Shree Cement up 2% to 4% on BSE on Friday. On comparison, the S&P BSE Sensex was up 0.44% at 34,118 at 11:19 AM;

Deccan Cements, Mangalam Cement, Prism Cement, Sanghi Industries, Star Cement and NCL