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What Fuelled The Latest Cement Stock Rally
Shares of cement makers gained at least 15 percent since February as cost pressures abated and volumes grew.
09 Apr 2019, 07:14 PM IST
Shares of cement makers gained at least 15 percent since February as cost pressures abated and volumes grew in a seasonally strong quarter aided by the government’s push for infrastructure.Stocks of large-cap companies, including Ultratech Cement Ltd., ACC Ltd. and Shree Cement Ltd. rose between 15 percent and 20 percent, while cement makers based in south India like India Cements Ltd. and Ramco Cements Ltd. gained between 20 percent...
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