Cement stocks jump ahead of sales data

Cement shares have gone up this morning ahead of the monthly sales data, due later today.

Moreover, according to reports, cement prices have gone up 10% since September-end to an all-time high of Rs 280 per 50-kg bag. Interestingly, prices are rising when the industry is heading for another low-growth year after growing at a decade low of less than 5% in 2010-11.

Among individual stocks, Bheema Cements has gained 3.5%. Madras Cement, ACC and Ambuja Cement have surged 2.5% each. KCP, Ultratech Cement, NCL, JK Cement andShree Cement are also up. However, Shri Digvijay Cement has dropped 2% in morning trades.