Cement shares in focus; Ambuja Cements, JK Lakshmi Cement hit record highs

Analysts expect a sustainable demand recovery in volumes in coming quarters on the back of gradual relaxations in lockdowns, expectations of construction activities gaining momentum post-monsoon

Shares of cement companies were in focus on the bourses on Tuesday in an otherwise subdued market with Ambuja Cement (up 6 per cent to Rs 360) and JK Lakshmi Cement (up 4 per cent at Rs 622.50) hitting their respective record highs on expectation of the profitability of the sector companies remaining intact despite cost rise.

Besides these two stocks, UltraTech Cement, ACC, Orient Cement, Star Cement, India Cements, The Ramco Cement, Shree Cement and JK Cements were up between 1 per cent and 3 per cent on the BSE. In comparison, the S&P BSE Sensex was up