Cement shares in focus; UltraTech, Ambuja, ACC gain over 5%

Shree Cement, HeidelbergCement India, India Cements were also up in the range of 2-4 per cent

Shares of cement manufacturers rallied up to 8 per cent on the BSE on Wednesday after Prime Minister Narendra Modi announced a Rs 20 trillion stimulus package.

Ambuja Cements, UltraTech Cement, ACC, Orient Cement, JK Cement and Ramco Cements were up in the range of 5 per cent to 7 per cent in intra-day trade. Besides, Shree Cement, HeidelbergCement India, India Cements, JK Lakshmi Cement and Star Cement were up between 2 per cent and 4 per cent on the BSE.

“The PM said the Rs 20-trillion package, nearly 10 per cent of India’s gross domestic product (GDP),