Cement stocks take it on the chin

I always find it interesting when a sector under performs when the markets are doing well.

Cement has been the big underperformer of 2013 so far as can be seen from the table below (Close of 31 Dec,2012-Close of 15 Jan 2013):

Company Rise/Decline in %
BIRLACORPN 7.083471899
NCLIND 4.485488127
ANDHRACEMT 3.333333333
BURNPUR 2.325581395
OCL 1.061712011
KAKATCEM -0.777047221
AMBUJACEM -1.443504231
PRISMCEM -2.104208417
SANGHIIND -2.232142857
BINANIIND -2.372262774
SHREECEM -2.56092835
INDIACEM -2.916895982
ACC -3.05823209
ULTRACEMCO -3.310174697
BVCL -3.553299492
HEIDELBERG -3.726708075
MADRASCEM -5.571370476
GUJSIDHCEM -5.576208178
JKCEMENT -6.493686693
KCP -7.3089701
CHETTINAD -8.026554013
SAGCEM -8.631977946
DECCANCE -8.787878788
MANGLMCEM -10.45679692
JKLAKSHMI -12.22531724

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