Cement shares in demand; UltraTech, ACC, Ambuja hit record highs

Going forward, easing of localised curbs and post monsoon, analysts expect a sharp rebound in demand for cement.

Shares of cement makers were in demand with frontline stocks such as UltraTech Cement, ACC and Ambuja Cements all hitting their respective all-time highs on the BSE in the intra-day trade. The buying interest at these counters can be attributed to expected rise in cement demand as per market analysts, post easing of localised curbs and monsoon.

Among individual stocks, UltraTech Cement hit a record high of Rs 7,931, up 2 per cent in intra-day trade. Ambuja Cements ( up 2 per cent at Rs 430.35) and ACC  (up 2 per cent at Rs 2,469) too hit new highs, surpassing