Cement shares witnessed strong buying today after core industry data for
the month of August showed that cement production during the month rose
5.4 per cent.
The core sector data was released after markets hours on Wednesday.
In contrast, cement production during April to July had cumulatively grown at a tepid 1 per cent as compared to the same period of the previous year.
Frontline cement stocks like UltraTech and Ambuja Cements had underperformed the Nifty in the past three months.
At 12:34 p.m., Ambuja Cements rose 2.12 per cent while UltraTech Cement gained 3.5 per cent.
Among other cement shares, Prism Cement rose 4.3 per cent, India Cements advanced 4 per cent while ACC edged up 1.3 per cent.
The core sector data was released after markets hours on Wednesday.
In contrast, cement production during April to July had cumulatively grown at a tepid 1 per cent as compared to the same period of the previous year.
Frontline cement stocks like UltraTech and Ambuja Cements had underperformed the Nifty in the past three months.
At 12:34 p.m., Ambuja Cements rose 2.12 per cent while UltraTech Cement gained 3.5 per cent.
Among other cement shares, Prism Cement rose 4.3 per cent, India Cements advanced 4 per cent while ACC edged up 1.3 per cent.
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