Cement shares in focus; Ambuja Cements, India Cements up over 3%

Ambuja Cements, ACC, Dalmia Bharat, India Cements, Mangalam Cement and UltraTech Cement were up in the range of 1% to 4% as compared to unchanged in the S&P BSE Sensex at 11:22 am.

Shares of cement companies were trading higher by upto 4% in anotherwise range bound market on Tuesday on expectations that the demand momentum will pick-up quickly post monsoon.

Ambuja Cements, ACC, Dalmia Bharat, India Cements, Mangalam Cement and UltraTech Cement were up in the range of 1% to 4% on the BSE. On comparison, the S&P BSE Sensex was trading flat at 38,279 points at 11:22 am.

In past one month, most of the frontline cement stocks have outperformed the market by surging more than 10% after reported a good volume growth in April-June quarter results.

Among