Business Standard

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.

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SI Reporter Mumbai
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

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First Published: Oct 27 2020 | 1:34 PM IST

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