Cement stocks have mostly seen upward movement in the last three months. Cement majors like ACC and L&T , Gujarat Ambuja and Grasim all have seen positive movement from the beginning of November.
ACC or Associated Cement Companies which ended the day today at Rs 154 was up by over 10 per cent from its close of Rs 138.90 at the beginning of November. Larsen & Toubro ended up 2.85 per cent from its close of Rs 188.95 at the beginning of November to finish today at Rs 194.35.
Grasim, up by 12.73 per cent from the beginning of November ended the day at Rs 345.30 from its close of Rs 306.30 at the beginning of November. Gujarat Ambuja which ended the day today at Rs 158.10 was up by over 3.5 per cent from its close of Rs 152.25 from the beginning of November.
Among the other stocks that witnessed upward movement were Deccan Cements which was up by over 20 per cent and ended the day today at Rs 34.25 as against its close of Rs 28.50 from the beginning of November.
Kakatiya Cement, which ended the day at Rs 23.25, was up by 12.04 per cent from its close three months ago. Narmada Cement which ended the day today at Rs 24.55, up 28.87 per cent from its close of Rs 19.05 at the beginning of November.
Shree Cement also gained by nearly 15 per cent and ended the day today at Rs 51.80 as against its close of Rs 45.05 at the beginning of November.
Among some stocks that experienced downward movement were Madras Cements which was down by 1.45 per cent and ended the day today at Rs 3,720 as against Rs 3,775 at the beginning of November.
Mangalam Cement lost as much as 24.23 per cent and the company
