Cement shares on a roll; ACC, Ambuja, UltraTech, JK Lakshmi hit new highs

Cement shares traded higher between 3 per cent and 9 per cent on the BSE as compared to a 0.63 per cent decline in the S&P BSE Sensex.

Shares of cement manufacturers were on a roll, in an otherwise weak market, on Tuesday. Most of the frontline companies' stocks were trading higher, hitting new highs on the BSE in the intra-day trade after ACC and Mangalam Cement reported healthy results for the quarter ended June 2021.

UltraTech Cement, ACC, Ambuja Cements, Birla Corporation, JK Lakshmi Cement, Sagar Cements, Shree Digvijay Cement and The Ramco Cement hit their respective new highs and traded higher between 3 per cent and 9 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.63 per cent, or 331