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Cement stocks in demand as FM proposes to invest Rs 80,250 crore to upgrade roads under PMGSY

Cement stocks such as Shree Cement, Ultratech Cement and JK Cement have gained as FM announced to invest Rs 80,250 crore for up-gradation of roads under Pradhan Mantri Gram Sadak Yojana. Government also to upgrade 1.25 lakh km of roads under Pradhan Mantri Gram Sadak Yojana (PMGSY).

Shree Cement is currently trading at Rs. 21760.00, up by 127.15 points or 0.59% from its previous closing of Rs. 21632.85 on the BSE. The scrip opened at Rs. 21700.00 and has touched a high and low of Rs. 21877.25 and Rs. 21637.95 respectively. So far 67 shares were traded on the counter.

Ultratech Cement is currently trading at Rs. 4668.95, up by 24.40 points or 0.53% from its previous closing of Rs. 4644.55 on the BSE. The scrip opened at Rs. 4645.00 and has touched a high and low of Rs. 4707.55 and Rs. 4628.90 respectively. So far 14258 shares were traded on the counter.

JK Cement is currently trading at Rs. 1001.25, up by 6.95 points or 0.70% from its previous closing of Rs. 994.30 on the BSE. The scrip opened at Rs. 1007.00 and has touched a high and low of Rs. 1019.05 and Rs. 996.80 respectively. So far 213 shares were traded on the counter.

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