Cement stocks snap six-day losing streak; India Cements soars 10%

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.