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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.

Labour loading cement bags in a container | File photo
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The cement industry has surprised positively on the demand and pricing fronts, with better-than-expected demand revival during May and June.

SI Reporter Mumbai
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

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First Published: Jun 30 2020 | 3:06 PM IST

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