Cement shares in focus; JK Lakshmi, Dalmia, JK Cement up over 12% in 1 mth

Analysts expect cement stocks to witness catch up activity after months of underperformance as many negatives seem to be priced-in

Shares of cement companies continued at their upward movement on the bourses on expectation of margin improvement due to falling input costs, and demand recovery post monsoon and during the next fiscal (FY24) due to pre-general election government spending.

On Thursday, Dalmia Bharat, Birla Corporation, JK Cement, India Cement, JK Lakshmi Cement, Ambuja Cements, Ramco Cement, and UltraTech Cement gained in the range of 1 per cent to 5 per cent. In comparison, the S&P BSE Sensex was up 0.42 per cent at 63,362 at 10:49 AM.

Given the government's focus on infrastructure spending and affordable housing, the