Cement stocks are trading mixed with ACC Ltd. and Prism Cement leading the gainers and Ultratech Cement and Samruddhi Cement trading the weakest. There has been a peculation in the market that Competition Commission of India's (CCI) ruling on cartelization by these companies will be announced soon. The ruling is expected to involve huge penalties and as a result, the cement companies could be forced to cut down prices.CCI completed the hearing regarding this last month against 40 cement companies.
As per a leading financial data, Index of Industrial Production (IIP) for the month of February 2012 grew by a faster 4.1% as compared to a revised growth of 1.1% clocked in the preceding month. The IIP growth rate for January has been revised down sharply from 6.8% to 1.1% on account error in compilation of the sugar production data. The aggregate factory output during the period April-February 2012 was up by 3.5% on the back of 3.7% growth in manufacturing and 8.7% rise in electricity generation. The mining output contracted by 2.1% over the same period.