/ ACC Stands Solid Post Q1 Results Ambuja Up By 3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 24 April 2017


ACC Limited surged as much as 5% in the early morning trade on Monday. The large-cap cement major had reported its Q1 results, post market hours on Friday, April 21, 2017.

Another cement major, Ambuja Cements Limited also rose as much as 3% in the early morning trade on the BSE.

According to market insiders, various government initiatives and schemes as announced in the Union Budget, which are encouraging the infrastructure projects and developments, construction of roads, irrigation and housing are expected to trigger the growth of the construction sector, and saying that the demand for concrete and cement in the coming period will be heightened is like stating the obvious.

At 10.50 am, on Monday, stocks of ACC Limited and Ambuja Cement Limited were trading at Rs 1560.10 and Rs 244.90, up by 4.23% and 2.25% respectively, on the BSE.


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