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Cement stks extend gains on strong performance by sector majors in June qtr

JK Lakshmi Cement, UltraTech Cement, HeidelbergCement India, Dalmia Bharat and JK Cement were up in the range of 2 per cent to 4 per cent on the BSE

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Despite some fall in cement prices in Jul’20, current prices are 4-4.5 per cent above estimates

SI Reporter Mumbai
Shares of cement makers continued on an upward trajectory and gained up to 4 per cent in an otherwise subdued market on Wednesday, after sector majors UltraTech Cement, ACC, and Ambuja Cements reported strong operational performances in the April-June quarter.

JK Lakshmi Cement, UltraTech Cement, HeidelbergCement India, Dalmia Bharat and JK Cement were up in the range of 2 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.39 per cent or 152 points at 38,341 at 10:53 am.

UltraTech Cement was up 4 per cent to Rs 4,286, surging