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Indian cement makers decline on falling prices

Dec 30 2013, 15:27 IST
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SummaryIndia's cement makers decline on worries about falling cement prices due to a slowdown in construction activity.

India's cement makers decline on worries about falling cement prices due to a slowdown in construction activity.

ICICI Securities estimates average prices for cement settled at 289 rupees per bag this month from 304 rupees last month, according to a report from its retail unit ICICI direct.com.

ACC Ltd falls 2.52 percent, Ambuja Cements Ltd is 2.06 percent lower and UltraTech Cement Ltd is down 1.87 per cent.

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