Shree Cement, HeidelbergCement India, India Cements were also up in the range of 2-4 per cent
Orient Cement, Sanghi Industries, Heidelberg Cement and Star Cement, rallied more than 5 per cent each on the BSE in intra-day trade.
Orient Cement, Star Cement, India Cements, JK Lakshmi Cement, HeidelbergCement India, Ramco Cements, Shree Cement and Dalmia Bharat from the S&P BSE 500 index were up more than 3 per cent each.
Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.
Having witnessed a strong demand environment during H2FY18 till FY19, domestic cement firms are likely to report subdued sales volume in Q1FY20