India Cements stock was in the limelight gaining more than 6 per cent on aggressive buying support. |
Market analysts said, the renewed buying at this counter can be attributed to overall buying support for the cement sector stocks. According to market sources, there were news of a leading foreign brokerage firm upgrading the sector on further growth post-monsoon and firming up of cement prices. |
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However, pivotals ACC, Grasim and Gujarat Ambuja ended negative on profit booking at higher levels after a smart rally in the past few days. |
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A fund manager with a domestic brokerage firm said, "The cement sector is poised for growth post-monsoon on renewal of construction activity across the country. Favourable demand-supply dynamics should support cement prices." |
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