Cement shares trade firm in weak market; Shree Cement hits record high

Orient Cement, Sanghi Industries, Heidelberg Cement and Star Cement, rallied more than 5 per cent each on the BSE in intra-day trade.

Shares of cement manufacturers continued their northward march in an otherwise weak market on Wednesday on hopes of demand recovery and healthy earnings.

Orient Cement (up 14 per cent at Rs 87.50), Sanghi Industries (10 per cent at Rs 43.30), Heidelberg Cement (9 per cent at Rs 202), and Star Cement (8 per cent at Rs 97), all rallied more 5 per cent on the BSE in intra-day trade on Wednesday.

Birla Corporation, Dalmia Bharat, JK Lakshmi Cement, Shree Cement, Ambuja Cements, India Cements, ACC, and UltraTech Cement were up in the range of 1 per cent to