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Cement industry stocks rise after Crisil says industry to add capacity by 150-160 MT from FY25 to FY28

24 Jan 2024 Evaluate

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.


Peers
Company Name CMP
Ultratech Cement 10746.45
Ambuja Cements 349.00
ACC 1136.00
Shree Cement 22215.25
Dalmia Bharat 1619.75
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