Ambuja Cement was among the highest gainers among the cement stocks, rising 4.80 per cent to Rs 90.65, on reports that some cement makers paid higher advance tax for the June quarter.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>This suggests the possibility of brisk business in the next financial year. The India Meteorological Department&#39;s forecast of a good monsoon this year augurs well for the cement sector as it could boost the demand for rural housing. 
</p><p class='TableClas'>The stock made an intra-day high and low of Rs 93.20 and Rs 88, with volumes of 11,33,961 shares. The stock has declined more than 18 per cent in the last one month. </P></p><p class='TableClas'></p></table>


Ambuja Cement hardens on hopes of good rains

DALAL STREET SPIKES

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