Cement stocks decline on fall in prices/news06012012

Shares cement makers fell by 0.21% to 3.57%on BSE on reports some companies have on Thursday reportedly agreed to slash prices by Rs25 per bag of 50 kg in Himachal Pradesh with immediate effect.

At 12.33 pm Jaiprakash Associates down by 4.31%, ACC down by 2.37%, Ambuja Cements down by 2.31%, India Cements down by 1.31% and UltraTech Cement down by 1.12%.

As per reports three leading cement companies ACC, Ambuja Cements and Jaiprakash Associates have on Thursday reportedly agreed to slash prices by Rs25 per bag of 50 kg in Himachal Pradesh with immediate effect. The decision was taken after state the government put considerable pressure on these companies.
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