Cement shares extend gain on strong outlook; JK Cement surges 9%

In the past one week, most of the frontline cement stocks have outperformed the market and risen more than 4 per cent, as compared to 1.2 per cent rise in the S&P BSE Sensex

Shares of cement manufacturer were trading higher for the second straight day, rallying up to 9 per cent on the BSE on Thursday amid expectation of strong earnings during the October-December quarter (Q3FY21).

Among individual stocks, JK Cement rallied 9 per cent to Rs 2,382, also its 52-week high on the BSE. UltraTech Cement hit a new high of Rs 5,512 after rising 1 per cent today. The stock has gained 3 per cent in the past two trading days. Birla Corporation, JK Lakshmi Cement, Ramco Cements, and India Cements were up between 4 per cent and 8 per