stock future report
Posted: Mon Oct 29, 2012 3:10 am
ACC India’s second largest cement maker company reported 57% rise in net profit for July-Sep Quarter, NET Profit of Ambuja cement were 78% higher.
In derivative market Ambuja Cement stocks 0.31% high, ACC limited rise 0.36% while JP Associates stocks slipped 0.17, Ultra tech Cement Ltd down 0.38% today.
India is .second largest producer of cement after China. The Indian Government decision to fast track infrastructure development increased demand of cement in country
Rising of fuel price and cost of Road transport balance better expected demand. Average cement price across country have increased by more than 19%.
Prices in eastern and western regions have remained constant. Dealers expect the prices to rise in the coming months due to increasing demand post the festive season.
In derivative market Ambuja Cement stocks 0.31% high, ACC limited rise 0.36% while JP Associates stocks slipped 0.17, Ultra tech Cement Ltd down 0.38% today.
India is .second largest producer of cement after China. The Indian Government decision to fast track infrastructure development increased demand of cement in country
Rising of fuel price and cost of Road transport balance better expected demand. Average cement price across country have increased by more than 19%.
Prices in eastern and western regions have remained constant. Dealers expect the prices to rise in the coming months due to increasing demand post the festive season.