Cement stocks rose on expectations of a price rise of 6-7 rupees per 50 kilogram bag soon, several dealers said.
Cement prices are likely to rise by 2-3 per cent in January as companies will pass on the cost increase from the new pricing policy of Coal India, the world's largest coal miner, Crisil said in a report on Monday.
"Quantum of price rise is important, plus March quarter is seasonally the strongest quarter for cement volumes," said an analyst at a foreign bank.
This morning, shares of Ambuja Cements, ACC, Ultratech Cement and India Cements were up 2.3-4.3 per cent.
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