Cement stocks rally; JK Lakshmi, India Cements, Orient Cement up over 5%

Shares of cement companies rallied by up to 7 per cent on the bourses on news of price hike, which is likely to improve margin going forward.

JK Lakshmi Cement, Orient Cement, India Cements and HeidelbergeCement India rallied more than 5 per cent each on the BSE while ACC, Ambuja Cements and UltraTech Cement, Ramco Cements, JK Cements and Shree Cement were up 1 to 3 per cent in intra-day trade on Monday.

After prices remained muted from April 2018 to January 2019, the sector witnessed a rebound in prices for a few weeks in February-March when average prices rose