As reported by NDTV Profit, major cement companies including Ramco Cements, ACC, Dalmia Bharat, and India Cements have hiked prices by ₹20 to ₹30 per 50KG bag across Andhra Pradesh, Telangana, and Tamil Nadu, effective today. The price hike comes in response to rising input costs and is expected to impact the construction and infrastructure sectors in these regions.
Amid this price hike news, here’s how the stocks are performing as of 10:59 AM:
- India Cements: Up by 0.60%, trading at ₹366.75 (+₹2.20).
- Dalmia Bharat: Gained 0.64%, trading at ₹1,969.05 (+₹12.50).
- ACC: Slightly down by 0.05%, trading at ₹2,509.75 (-₹1.25).
- Ramco Cements: Up by 0.39%, trading at ₹881.30 (+₹3.40).
Despite the price hike, most of these stocks are reacting positively, with investors viewing the move as a potential margin booster for cement companies.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.
Data as of the time of publishing this article.
