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Cement shares rally on gradual pick-up in demand; Birla Corp surges 11%

After the demand disruption caused by the nation-wide lockdown, there has been a recovery in demand in the rural areas, primarily driven by pre-monsoon work.

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Labour loading cement bags in a container | File photo

3 min read Last Updated : May 26 2020 | 1:26 PM IST

Shares of cement manufacturers were trading higher for the fifth straight session on Tuesday as the sector witnesses a gradual pick-up in demand since the lockdown was relaxed at the beginning of May.

Birla Corporation, JK Lakshmi Cement and UltraTech Cement were up between 5 per cent and 11 per cent, while Ramco Cements, HeidelbergCement India, ACC, Dalmia Bharat and India Cements were up in the range of 3 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.60 per cent at 30,856 points at 12:45 pm.

In the past one week,

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