Top Edge Of The Cement MCA, Said No Evidence Of Cartel

India Cements (up 6.16%), Madras Cement (up 5.22%), Saurashtra Cement (up 3.57%), Shree Cement (up 3.48%), HeidelbergCement India (3.28%), Cement Prisma (up 1.66%) and JK Cements (up 1.22%), increased slightly.

Among the cement majors increased ACC (up 1.40%) and Ambuja Cement (up 0.98%). But UltraTech Cement fell 0.14% NRI Pan Card.

BSE Sensex rose 17.30 points, or 0.10% 16,519.04.Previously, the Serious Fraud Office (SFIO), was found Ultratech Cement, Ambuja Cements and ACC guilty of price manipulation in 2008 and 2010. SFIO was then presented a report to the Ministry of Company Affairs (MCA), which has recommended action against them. Cement Company was the position defended their actions by saying that the market is and how the cement industry NRI demat account.

Expectations of a post-monsoon season pick-up in the cement needed to help buy the shares of cement. Cement demand falls during the monsoon season every year because of the slowdown in construction.


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