Cement shares in demand; ACC hits fresh 52-week high, Shree Cement up 6%

Analysts expect the cement industry to witness positive growth in the second half (October-March) of the current fiscal led by strong demand from the sustainable rural trade segment.

Shares of cement manufacturers were in demand with most of the sector stocks trading higher in the range of 2 per cent to 6 per cent on the expectation of improved demand. Analysts expect the cement industry to witness positive growth in the second half (October-March) of the current fiscal (H2FY21) led by strong demand from the sustainable rural trade segment.

ACC rallied 6 per cent to hit a fresh 52-week high of Rs 1,670 on the BSE in the intra-day trade. The stock surpassed its previous high of Rs 1,637, hit on October 22, 2020.

Shree Cement, too, surged 6 per