Renewed construction activity from next month is expected to provide a leg up to the counters
Cement stocks are seeing renewed buying interest, with most sector scrips gaining in the last two trading sessions. This follows reports that cement companies are planning a price hike.
Cement counters were trading weak on the bourses in the last few trading sessions in the wake of declining cement prices.
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In fact, cement prices across the country have been adversely impacted by slower offtake due to excessive rainfall in certain parts of the country.
A dealer at a local brokerage said,