With onset of monsoon and government's focus on infrastructure, cement stocks have beaten Sensex
Birla Corporation, Ambuja Cements , OCL India, UltraTech Cement, Mangalam Cement and Shree Cement up 1%-4%.
Profitability got a boost in Q4; it might get further uplift as demand and realisations improve
Upcoming monsoon and continuous poor prices rein in the rally in cement shares
Subdued realisations as price rise gains spill to June quarter; volume growth, lower costs will help
The cement major made the estimate during its 80th AGM today
UltraTech Cement, ACC, Shree Cement, Ambuja, Century Textiles and HeidelbergCement were up 1%-8% on BSE.
In past three-trading sessions, the cement stocks rises more than 5% each as compared to 1.7% rise in Sensex.
Ambuja Cements, Birla Corporation, OCL India and Orient Cement have surged more than 5% on the BSE.