Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs

With ease in restrictions from July onwards, demand is expected to pick up

Shares of cement companies were in focus on Thursday as they surged up to 7 per cent on the BSE in intra-day trade in an otherwise subdued market on expectation of demand recovery in the coming quarters.

Ambuja Cements and JK Lakshmi Cement each hit their respective record highs in intra-day trade today while Saurashtra Cement, Andhra Cements, KCP, JK Lakshmi Cement and Gujarat Sidhee Cement gained between 4 per cent and 7 per cent. Besides, Orient Cement, JK Cement, Ambuja Cements, and UltraTech Cement advanced in the range of 2 per cent to 3 per cent. In comparison,