India’s cement demand is on the path to recovery, but local lockdowns have made it erratic.
Shares of cement companies traded higher by up to 10 per cent on the BSE in Wednesday's intra-day trade, snapping their six-day declining streak. India Cements, Star Cement, Ramco Cement, Ambuja Cements, ACC, and UltraTech Cement were up more than 1 per cent. In comparison, the S&P BSE Sensex was up 0.12 per cent at 57,174 points at 12:09 PM.
In the past one week, the stock price of HeidelbergCement India, India Cements, Dalmia Bharat, JK Lakshmi Cement, Birla Corporation, Ambuja Cements, and ACC have slipped in the range of 5 per cent to 11 per cent, as against 4 per cent decline in the benchmark index.
First Published: Sep 28 2022 | 12:38 PM IST