Cement shares in focus; UltraTech, India Cements, JK Lakshmi hit new highs

ACC, Sagar Cements, Sanghi Ind, Mangalam Cement, KCP and Gujarat Sidhee up in the range of 3% to 10%

Shares of cement companies were in focus with the market value of five stocks – UltraTech Cement, India Cements, JK Lakshmi Cement, Sagar Cements and Sanghi Industries – hitting their respective new highs on expectation of higher demand.

ACC, Sagar Cements, Sanghi Industries, Mangalam Cement, KCP and Gujarat Sidhee Cement were up in the range of 3% to 10% on BSE. On comparison, the S&P BSE Sensex was up 0.54% or 163 points at 30,485 at 1:37 pm.

Dalmia Bharat while announcing January-March quarter results on May 10 said that it expects cement demand to follow an upward