Cement shares on a roll
Cement

Cement shares on a roll

Cement manufacturer shares rocketed this week, with industry giants Ambuja Cements, Shree Cement, UltraTech Cement, Grasim Industries and ACC rising to 8% on the Bombay Stock Exchange (BSE) as the union budget provided a sharp increase in capital expenditure (capex) allocation, and even though real estate received only a mention in the “affordable” segment.

The major thrust on infrastructure spending by the Centre in the Budget 2021 comes as a boost for construction materials such as steel and cement. A higher allocation towards capital expenditure focusing on infra, roads, and railways is expected to offer a significant growth impetus to the economy, as per analysts.

UltraTech Cement hit a record high of Rs 6,180 among individual stocks, after rallying 8% on the BSE. The stock crossed its previous high of Rs 5,832 in January 2021.

Shree Cement hit a new high of Rs 26,500 too, up 8%, trading above its previous high of Rs 25,980 touched January. Ambuja Cements and Grasim Industries were up 7%, while Ramco Cements and ACC were up 6% each on the BSE.

To know current cement prices click here

Image Source


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Make in Steel 2021

24 February 

Click for event info



Cement manufacturer shares rocketed this week, with industry giants Ambuja Cements, Shree Cement, UltraTech Cement, Grasim Industries and ACC rising to 8% on the Bombay Stock Exchange (BSE) as the union budget provided a sharp increase in capital expenditure (capex) allocation, and even though real estate received only a mention in the “affordable” segment. The major thrust on infrastructure spending by the Centre in the Budget 2021 comes as a boost for construction materials such as steel and cement. A higher allocation towards capital expenditure focusing on infra, roads, and railways is expected to offer a significant growth impetus to the economy, as per analysts. UltraTech Cement hit a record high of Rs 6,180 among individual stocks, after rallying 8% on the BSE. The stock crossed its previous high of Rs 5,832 in January 2021. Shree Cement hit a new high of Rs 26,500 too, up 8%, trading above its previous high of Rs 25,980 touched January. Ambuja Cements and Grasim Industries were up 7%, while Ramco Cements and ACC were up 6% each on the BSE. To know current cement prices click hereImage Source4th Indian Cement Review Conference 202117-18 March Click for event infoMake in Steel 202124 February Click for event info

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