Cement industry stocks rise after Crisil says industry to add capacity by 150-160 MT from FY25 to FY28
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Cement industry stocks surged on the BSE after Crisil Ratings in its latest report stated that the cement industry is on course to add capacity by 150-160 million tonnes from FY25 to FY28 as it aims to meet rising demand from the infrastructure and housing sectors. In the past five fiscals, the industry has added capacity by 119 million tonnes (MT) per annum to reach a total of 595 MT now.
The Ramco Cements is currently trading at Rs. 959.35, up by 18.30 points or 1.94% from its previous closing of Rs. 941.05 on the BSE.
JK Lakshmi Cement is currently trading at Rs. 882.55, up by 16.35 points or 1.89% from its previous closing of Rs. 866.20 on the BSE.
Ultratech Cement is currently trading at Rs. 9934.35, up by 100.65 points or 1.02 % from its previous closing of Rs. 9833.70 on the BSE.
