Cement shares in focus: Ambuja, Shree Cement, UltraTech up over 2%

Robust pricing so far and lower input costs YoY should moderate earnings decline on account of volume loss in 1HFY21.

Shares of cement companies gained up to 8 per cent in the intra-day trade on the BSE on Tuesday amid expectation that the companies may restrict any sharp fall in the margin in April-June quarter (Q1FY21), due to higher demand and price hike.

Ambuja Cements, India Cements, UltraTech Cement, ACC, Birla Corporation, Shree Cements, JK Cement and JK Lakshmi Cement were up between 2 per cent and 8 per cent in intra-day trade on the BSE. At 02:54 pm, these stocks were up in the range of 1 per cent to 3 per cent, against a marginal 0.05 per cent rise