Business Standard

Cement shares in demand

UltraTech Cement, Ambuja Cements, JK Cement, ACC, Grasim Ind and India Cements are up 2-5% on the BSE.

SI Reporter  |  Mumbai 

Shares of makers are in demand and trading higher by up to 5% on the bourses on hopes that the cement prices are likely to go up further in the post-monsoon quarters and on the back of a festive season.

UltraTech Cement, Ambuja Cements, JK Cement, ACC, Grasim Industries, India Cements and Ramco Cements are up 2-5% on the BSE as compared to 1.3% rise in benchmark index at 1125 hours.

All-India cement prices rose in September breaking the two-month downward trend after prices touched a yearly high of Rs 308 per bag in June. All major companies adopted aggressive price hike strategies, which led to prices rising by as much as by Rs 50-60/bag in certain markets from the monthly lows.

According to dealers, prices will continue to rise as demand recovery is expected in certain pockets, says analyst at ICICI Securities in a report dated September 30.

However, analyst expects the margins of the cement companies take a hit due to the player’s inability to fully pass on the hike in costs given the slowdown in demand.

Among the individual stocks, has rallied 5.3% at Rs 1,909, followed by Ambuja Cements up 4% at Rs 187, and JK Cement are up 3% each at Rs 1,137 and Rs 193 respectively.
 

RECOMMENDED FOR YOU

Cement shares in demand

UltraTech Cement, Ambuja Cements, JK Cement, ACC, Grasim Ind and India Cements are up 2-5% on the BSE.

UltraTech Cement, Ambuja Cements, JK Cement, ACC, Grasim Ind and India Cements are up 2-5% on the BSE.
Shares of makers are in demand and trading higher by up to 5% on the bourses on hopes that the cement prices are likely to go up further in the post-monsoon quarters and on the back of a festive season.

UltraTech Cement, Ambuja Cements, JK Cement, ACC, Grasim Industries, India Cements and Ramco Cements are up 2-5% on the BSE as compared to 1.3% rise in benchmark index at 1125 hours.

All-India cement prices rose in September breaking the two-month downward trend after prices touched a yearly high of Rs 308 per bag in June. All major companies adopted aggressive price hike strategies, which led to prices rising by as much as by Rs 50-60/bag in certain markets from the monthly lows.

According to dealers, prices will continue to rise as demand recovery is expected in certain pockets, says analyst at ICICI Securities in a report dated September 30.

However, analyst expects the margins of the cement companies take a hit due to the player’s inability to fully pass on the hike in costs given the slowdown in demand.

Among the individual stocks, has rallied 5.3% at Rs 1,909, followed by Ambuja Cements up 4% at Rs 187, and JK Cement are up 3% each at Rs 1,137 and Rs 193 respectively.
 
image

LIVE MARKET

BSE 26392.38

161.19 (0.61 %)

NSE 8001.95

53.00 (0.67%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Future Consumer 16.15 11.76
Kolte Patil Dev. 164.95 10.30
Vakrangee 118.45 9.88
PC Jeweller 384.50 9.34
Gateway Distr. 361.20 7.32
> More on BSE Gainers
Company Price() Chg(%)
Future Consumer 16.25 12.07
Kolte Patil Dev. 166.00 11.00
Vakrangee 118.35 9.89
L G Balakrishnan 491.15 8.78
Gateway Distr. 363.50 8.33
> More on NSE Gainers
Company Price() Chg(%)
Sunrise Asian 260.70 -9.98
Symphony 2083.30 -6.39
I O B 34.95 -5.41
Indbull.RealEst. 62.55 -5.01
H D I L 59.95 -4.99
> More on BSE Gainers
Company Price() Chg(%)
Rasoya Proteins 0.20 -20.00
Usha Martin 15.25 -5.86
I O B 35.35 -5.73
GHCL 115.70 -5.47
Gammon India 13.90 -5.12
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price