While the industry saw a lot of consolidation in 2016, the construction industry contains a large number of medium-sized players with messy balance sheets
India Cements, Prism Cement, HeidelbergCement, Sanghi Ind, Mangalam Cement and Saurashtra Cement are quoting at their respective 52-week highs on the BSE.
Mangalam Cement, JK Cement, JK Lakshmi, OCL India, Sagar Cements, and Saurashtra Cement were up 2%-9% on the BSE
Deccan Cements, HeidelbergCement India, Saurashtra Cement and Birla Corporation up more than 3% each.
Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders
The transaction will help debt-heavy Jaiprakash Associates to reduce its debt, which had touched a high of Rs 60,000 crore
Dalmia Bharat, Deccan Cements, Mangalam Cement, Birla Corp, Sagar Cements and Ramco Cement hit 52-week highs.
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.