Cement shares in focus; Sagar Cements zooms 20%, UltraTech, Ambuja up 3%

Despite these ongoing cost related challenges, demand outlook is expected to stay healthy from long-term perspective

Shares of cement companies rallied up to 20 per cent, bouncing back from previous week's lows, amid declining crude oil prices.

Frontline cement stocks like UltraTech Cement, Ambuja Cements, ACC, Dalmia Bharat, India Cements, Ramco Cement and Shree Cement rose in the range of 2 per cent to 3 per cent in intra-day deals today. Sagar Cements, meanwhile, zoomed 20 per cent on the BSE in the intra-day trade while JK Cements, Orient Cement and Sanghi Industries added 4 to 6 per cent. In comparison, the S&P BSE Sensex was up 1.5 per cent at 56,607 points at 12:12