Cement shares soar on govt's infra push; UltraTech, Shree Cement up 8%

Shares of cement manufacturers were on a roll in Tuesday's session with sector giants UltraTech Cement, Shree Cement, Ambua Cements, Grasim Industries and ACC rising up to 8 per cent on the BSE as the Union Budget focussed on growth with a sharp increase in capital expenditure (capex) allocation. 

The huge thrust on infrastructure spending by the government in the Budget 2021–22 bodes well for construction materials such as cement and steel. A higher allocation towards capital expenditure with a focus on roads, infra and railways can give a significant growth impetus to the economy, according to analysts.

“The government’s thrust on