Dealers are cautious about whether the announced price hikes will hold, analysts said as labour shortage due to Holi and Lok Sabha elections may impact cement demand in April
Shares of cement stocks such as UltraTech Cement, ACC, Ambuja Cement, Dalmia Bharat, Shree Cement will be in focus ahead of the interim budget to be announced on February 1. All these stocks have surged between 20-40 percent over the last one year
Prices fell across regions: South and East saw declines of Rs19/bag and Rs11/bag respectively, while North dropped by Rs10/bag, and West and Central by Rs5/bag