Cement stocks trade flat on hike in prices in Mumbai

Shares of cement companies are trading on a mixed note today after a media report stated that the companies have raised prices by 2-6% in Mumbai. ACC and Ambuja Cements raised cement prices by 4% in Mumbai, while Ultratech Cement hiked prices by 6%, as per a media report. ACC Ltd is currently trading at Rs 1800.5, up by Rs 3.65 or 0.2% from its previous closing of Rs 1796.85 on the BSE. The scrip opened at Rs 1799 and has touched a high and low of Rs 1816.5 and Rs 1792.8 respectively. Ambuja Cements Ltd is currently trading at Rs 279.3, down by Rs 0.95 or 0.34% from its previous closing of Rs 280.25 on the BSE. The scrip opened at Rs 281 and has touched a high and low of Rs 283.35 and Rs 279.05 respectively. UltraTech Cement Ltd is currently trading at Rs 4411.5, down by Rs 9.15 or 0.21% from its previous closing of Rs 4420.65 on the BSE. The scrip opened at Rs 4429.4 and has touched a high and low of Rs 4475 and Rs 4411.5 respectively.