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 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 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 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 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 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 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 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 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 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 are up 3% each at Rs 1,137 and Rs 193 respectively.
 
image
Business Standard
177 22

Cement shares in demand

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 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 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 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 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 are up 3% each at Rs 1,137 and Rs 193 respectively.
 

image
Business Standard
177 22