Cement shares gains strength
Shares of cement companies have grown up to 13 per cent with most of them climbing to their respective highs on the (Bombay stock Exchange) BSE. Mangalam Cement, JK Lakshmi Cement, Sagar Cements, OCL India, Saurashtra Cement and Prism Cement were up two per cent to nine per cent on the BSE.
Mangalam cement surged 13 per cent to Rs 330. The company announced a net profit ofRs 22.59 crore in Q1FY17.JK Cement too hit fresh 52-week high of Rs 815, up nine per cent on BSE in intra-day trade.