Cement stocks rise; UltraTech, ACC gain 3%, Ambuja Cements hits 52-wk high

Analysts at Emkay Global Financial Services remain positive on the cement sector and expects industry volume to start improving from the January-March quarter (Q4FY21)

Shares of cement manufacturers were in focus, gaining up to 4 per cent on the BSE on Wednesday on the expectation of improved demand from the urban market and in infrastructure in the coming days due to relaxation of lockdown measures.

Ambuja Cements hit a 52-week high of Rs 234.25, up 4 per cent on the BSE. The company said the board of directors of the company is scheduled to meet on October 22, 2020, to consider the unaudited financial results for the third quarter ended September 30, 2020 (Q3) of the corporate financial year 2020.

UltraTech Cement, ACC, Shree Cement, Dalmia