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Cement shares gain as Supreme Court allows use of pet coke

HeidelbergCement India, Mangalam Cement, JK Cements, Shree Cement, JK Lakshmi Cement, Prism Cement, India Cements and Shree Digvijay Cement were gained more than 2%.

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SI Reporter Mumbai
Shares of cement companies moved higher by up to 6% on the BSE after media reports suggested that the Supreme Court has allowed the use of pet coke, the primary fuel and input material for cement makers.

Kakatiya Cement, HeidelbergCement India, Mangalam Cement, JK Cements, Shree Cement, JK Lakshmi Cement, Prism Cement, India Cements and Shree Digvijay Cement Company were up in the range of 2% to 6% on the BSE. On comparison, the S&P BSE Sensex was up 0.43% at 33,371 points.

Most of the cement stocks had underperformed the market after the Supreme Court (SC) on