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Cement Stocks Under Pressure; HIL Slips Over 6%

Most cement stocks were trading in the red in Monday's afternoon session.
Shares of HIL (down 6.26 per cent), Burnpur Cement (down 4.83 per cent), Sahyadri Industries (down 4.62 per cent), Sagar Cements (down 4.18 per cent), Star Cement (down 4.04 per cent), Everest Industries (down 3.90 per cent), GPT Infra projects (down 3.90 per cent), APCL (down 3.28 per cent), J K Cements (down 3.16 per cent), Morganite Crucible (India) (down 2.99 percent), Heidelberg Cement India (down 2.93 percent.

Image result for cement industry pictures

Sanghi Industries (down 1.96 per cent), Ramco Industries (down 1.92 per cent), Panyam Cements & Mineral Industries (down 1.91 per cent), Shree Cement (down 1.81 per cent), Shree Digvijay Cement (down 1.77 per cent), K C P (down 1.67 per cent), Indian Hume Pipe Company (down 1.55 per cent), Kakatiya Cements Sugar & Industries (down 1.41 per cent), Birla Corporation (down 1.22 per cent), Deccan Cements (down 1.07 per cent) too were trading with losses.

Meanwhile, Raasi Refractories (up 4.80 per cent), Keerthi Industries (up 4.70 per cent), Shiva Cement (up 3.58 per cent), Udaipur Cement Works Ltd (up 2.80 per cent), ACC (up 2.10 per cent), SKCIL (up 2.00 per cent) and Saurashtra Cement (up 1.20 per cent) were trading higher.

The NSE Nifty50 index was trading 98.80 points down at 11,320.45 while the 30share BSE Sensex was down 380.68 points at 37,956.33 at around 12:41 pm . 

YES Bank (up 6.73 per cent), Vedanta (up 3.66 per cent), Zee Entertainment Enterprises (up 2.73 per cent) and Sun Pharmaceutical Industries (up 2.67 per cent) were among the top gainers in the Nifty pack. 


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