Kakatiya Cement Gets Locked In Upper Circuit

Being in line with the peer cement companies, the Kakatiya Cement Sugar and Industries Limited is also moving northwards in the Monday’s trading session.

In the pre-lunch hour, the stock attracted more volume. As of 1403 hours on NSE, the traded volume stood at 8,32,856 shares and traded value stood at Rs 31.72 Cr. The stock got locked in its upper circuit of Rs 402.9 per share up by 20%.

The stock opened with mere gains of 1% but then witnessed a sudden surge in the share price. The stock was hovering around the price of Rs 325 per share for the past few trading sessions.

Other cement stocks like UltraTech cement, ACC and Grasim are also trading higher owing to the strong quarterly financial results of the ACC Cement. The market is expecting the good financial results and good days coming ahead for the cement companies. This positive optimism in the market about cement companies have helped the cement stocks to move upwards on the Indian bourses.
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