Tuesday, September 24, 2019

Cement stocks slump; Shiva Cement tumbles over 7%

NEW DELHI: Most of the cement stocks were trading in the red in Wednesday's morning trade.Shares of Shiva Cement (down 7.69 per cent), Andhra Cements (down 4.90 per cent), Shri Keshav Cements (down 4.43 per cent), Barak Valley Cements (down 3.42 per cent), Dalmia Bharat (down 2.58 per cent), JK Cements (down 2.50 per cent) and Prism Johnson (down 2.07 per cent) dropped up to 8 per cent.Kakatiya Cements Sugar & Industries (up 1.95 per cent), India Cements (up 0.65 per cent) and UltraTech Cement (up 0.38 per cent) were among the top gainers. The NSE Nifty50 index was trading 75.00 points down at 11,513.2, while the 30-share BSE Sensex was down 270.47 points at 38,826.67 at around 10:01 am.Power Grid Corporation of India (up 3.12 per cent), Tata Consultancy Services (up 1.34 per cent), Reliance Industries (up 0.92 per cent), Zee Entertainment Enterprises (up 0.90 per cent) and NTPC (up 0.87 per cent) were among the top gainers in the Nifty pack. On the other hand, State Bank of India (down 2.96 per cent), Tata Motors (down 2.79 per cent), Housing Development Finance Corporation (down 2.08 per cent), GAIL (India) (down 2.05 per cent), Vedanta (down 1.97 per cent) were trading in the red.

from Economic Times https://ift.tt/2n4siyF

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