Cement shares gain as ACC March quarter volume growth beat Street forecast

ACC, India Cements and Orient Cement have rallied more than 5% on BSE.

Shares of cement companies  rallied  up to 8% on the BSE after ACC reported a better than expected 3.8% year on year (YoY) volume growth for the quarter ended March 2017.

ACC, India Cements and Orient Cement have rallied more than 5%, while UltraTech Cement, Prism Cement, Ambuja Cement, Dalmia Bharat and HeidelbergCement India were up between 2% and 4%. On comparison, the S&P BSE Sensex was up 0.52% at 29,516 at 11:52 am.

Among the individual stocks, ACC has rallied 7% to Rs 1,603 on back of four-fold jump in trading volumes.

“Cement volumes during the