Cement stocks reel under pressure ahead of CCI’s verdict on alleged cartelization

20 Jun 2012

Cement stocks are seen reeling under pressure ahead of Competition Commission of India’s (CCI) verdict on an alleged cartelization case. According to a report, the penalty could be about 7% of the average turnover in the last three years and could lead to a de-rating of stocks. Meanwhile, CCI is likely to impose a penalty on 11 top cement companies for cartelistion.

Ambuja Cements is currently trading at Rs 169.70, down by 1.05 points or 0.61% from its previous closing of Rs 170.75 on the BSE. The scrip opened at Rs 165.60 and has touched a high and low of Rs 170.50 and Rs 165.55 respectively. So far 278869 shares were traded on the counter.

Ultratech Cement is currently trading at Rs 1421.50, down by 23.10 points or 1.60% from its previous closing of Rs 1444.60 on the BSE. The scrip opened at Rs 1410.00 and has touched a high and low of Rs 1435.00 and Rs 1396.70 respectively. So far 5083 shares were traded on the counter.

ACC is currently trading at Rs. 1220.70, down by 7.10 points or 0.58% from its previous closing of Rs 1227.80 on the BSE. The scrip opened at Rs 1188.00 and has touched a high and low of Rs 1224.00 and Rs 1180.80 respectively. So far 75702 shares were traded on the counter.

Grasim Industries is currently trading at Rs 2470.00, down by 8.30 points or 0.33% from its previous closing of Rs 2478.30 on the BSE. The scrip opened at Rs 2455.00 and has touched a high and low of Rs 2474.20 and Rs 2440.00 respectively. So far 6409 shares were traded on the counter.

India Cements is currently trading at Rs. 80.00, down by 0.75 points or 0.93% from its previous closing of Rs 80.75 on the BSE. The scrip opened at Rs 77.00 and has touched a high and low of Rs 80.50 and Rs 76.55 respectively. So far 123917 shares were traded on the counter.

Related Ultratech Cement Ltd. Links:

Ultratech Cement Share Price

6114.60 -286.15 (-4.47%) Feb 26, 18:55
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6114.60
ACC 1732.95
Shree Cement 26506.65
Ambuja Cement 273.65
Dalmia Bharat 1434.75
View more..
Sensex vs Ultratech Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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