Cement shares in demand

Ambuja Cements, UltraTech Cement, ACC, India Cements, Kesoram Industries and JK Lakshmi Cement have rallied by up to 8% on the BSE.

Shares of cement manufacturer such as Ambuja Cements, UltraTech Cement, ACC, India Cements, Kesoram Industries and JK Lakshmi Cement have rallied by up to 8% on the Bombay Stock Exchange (BSE).

According to media reports, the cabinet on Thursday, 20 February 2014, decided to convert 7,200 kilometers of states roads into national highways.

There would also be adequate funds available for taking up improvement of the remaining existing national highways network of 21,271 kilometers, not covered under any programmes/schemes so far, a government release said.

 

Expansion of the national highway network is a continuous process and declaration of a new national highway is taken up from time to time, depending upon requirement of connectivity, inter-se priority and availability of funds, the release added.

Among the individual stocks, Kesoram Industries has surged 8% to Rs 66 on the BSE. India Cements has gained 7% at Rs 55; followed by Ambuja Cements (6% at Rs 162), Ultratech Cement and ACC are up 5% each at Rs 1,789 and Rs 1,061 respectively.