Cement stocks under pressure after Nomura downgrades Ambuja, ACC and Shree Cement
Updated : June 13, 2019 02:18 PM IST
Ambuja Cement, ACC, and Shree Cements fell in the range of 0.5-2 percent during the day.
Cement stocks including Grasim, JK Cement, Dalmia Bharat, and JK Lakshmi Cement were also down between 1.68-2.53 percent in intra-day deals.
While Nomura raised the 12-month target of Shree Cement and ACC, it slashed the target price of Ambuja Cements.
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