Cement shares trade firm; ACC, Ambuja Cements up 3%

India Cements, UltraTech Cement and Shree Cement were up in the range of 1% to 2% as compared to 0.06% rise in the S&P BSE Sensex at 01:35 PM.

Shares of cement companies were trading higher by up to 7% on the BSE in noon deal on expectation of production recovery in October-December (Q3) quarter of FY17.

The frontline cement shares like ACC, Ambuja Cements, India Cements, UltraTech Cement and Shree Cement were up in the range of 1% to 4% at 01:35 PM; as compared to 0.06% rise in the S&P BSE Sensex. Sanghi Industries, Saurashtra Cement, NCL Industries, Mangalam Cement and KCP were up between 2% to 5% on BSE.

For the period April‘17 to July’17, the cement production has declined by 3.5% to 95.37 million