Wednesday 14 January 2015

Cement shares firm up on price hike buzz

Cements shares are trading on a firm ground for the second straight day amid reports of a price hike in Telegana and Andhra Pradesh.

According to media reports, the price of per bag of 50 kg cement have shot up in the range of Rs. 30-50 per bag in the New Year. 

Among frontline stocks - UltraTech Cement has rallied 3.17 per cent to Rs. 2,903. 

ACC has gained 2.29 per cent at Rs. 1,479, and Ambuja Cement has added 0.87 per cent to Rs. 232.

Grasim too is up a per cent at Rs. 3,580. Per centage-wsise,

JK Cement is the major gainer, up over 5 per cent at Rs. 91.30. Followed by, The Ramco Cement up 4.3 per cent at Rs. 340, and Birla Corporation up 3.9 per cent at Rs. 477.

Others like - India Cement, Dalmia Bharat, Prisim Cement and Kesoram Industries are up around 2 per cent each.

No comments:

Post a Comment