Don’t miss the latest developments in business and finance.

Cement makers decline on falling prices

Image
Reuters
Last Updated : Dec 30 2013 | 4:17 PM IST

Reuters Market Eye - Cement makers decline on worries about falling cement prices due to a slowdown in construction activity.

ICICI Securities estimates average prices for cement settled at 289 rupees per bag this month from 304 rupees last month, according to a report from its retail unit ICICI direct.com.

ACC falls 2.52 percent, Ambuja Cements is 2.06 percent lower and UltraTech Cement is down 1.87 percent.

(Reporting by Himank Sharma)

Also Read

First Published: Dec 30 2013 | 4:04 PM IST

Next Story