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Cement stocks rally on strong demand hopes; Shree, JK Cement hit new highs

The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21) given the low base and sharp recovery in the cement demand

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The Budget for the financial year 2021-22 (FY22) laid increased thrust on higher government capex on infrastructure (roads, railways and metro), which could boost demand, if executed well, believe analysts

SI Reporter Mumbai

2 min read Last Updated : Apr 08 2021 | 2:08 PM IST

Shares of cement companies were in focus in Thursday's trading session, with Ambuja Cements, Shree Cement, JK Cement and the Ramco Cement hitting their respective new highs on the BSE, on strong demand expectations.

Besides these stocks, UltraTech Cement, ACC, JK Lakshmi Cement, India Cements, Orient Cement, Prism Johnson and Star Cement from the S&P BSE Allcap index were up in the range of 2-6 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.82 per cent at 50,067 around 01:35 pm.

The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21)

Topics : Cement sector Buzzing stocks Markets Q4 Results Ambuja Cement JK Cement Shree Cement

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