"I don’t expect prices to go up this year as in the coming months construction activity may slow down because of the monsoon and prices may remain flat," Puneet Dalmia, vice-president told television channel NDTV Profit.
"I am a little bit more cautious in my outlook because a lot of capacities is coming up in the second half of this year and from December onwards I expect a little bit of pricing pressure," he added. At 2.03 p.m., shares of the company were up 13.76 percent at 155.8 rupees in a firm Mumbai market.
