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Cement shares extend rally on demand recovery hope; JK Cement hits new high

The cement industry demand is slowly improving due to pent up demand and improved rural demand

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SI Reporter Mumbai
Shares of cement companies continued their northward journey at the bourses, with most of the frontline stocks trading over 2 per cent higher on Tuesday on demand recovery hope.

UltraTech Cement, Ramco Cement, JK Cement, Ambuja Cement, India Cements, Orient Cement, Heidelbergcement India, ACC and Shree Cement from the S&P BSE500 index were up in the range of 2.2 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.34 per cent at 40,730 points, at 09:45 am.

The cement industry demand is slowly improving from the disruption created from Covid-19