Cement shares extend rally on demand recovery hope; JK Cement hits new high

The cement industry demand is slowly improving due to pent up demand and improved rural demand

Shares of cement companies continued their northward journey at the bourses, with most of the frontline stocks trading over 2 per cent higher on Tuesday on demand recovery hope.

UltraTech Cement, Ramco Cement, JK Cement, Ambuja Cement, India Cements, Orient Cement, Heidelbergcement India, ACC and Shree Cement from the S&P BSE500 index were up in the range of 2.2 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.34 per cent at 40,730 points, at 09:45 am.

The cement industry demand is slowly improving from the disruption created from Covid-19