UltraTech Cement shares rise 0.42% and outperform peers
Updated
Updated · MarketWatch · May 7
UltraTech Cement shares rise 0.42% and outperform peers
16 articles · Updated · MarketWatch · May 7
The stock closed at 12,144.45 rupees as the BSE Sensex fell 0.15% to 77,844.52 in a broadly weak Indian market session.
UltraTech beat Prism Johnson, up 0.25%, and ACC, up 0.04%, while KCP dropped 2.01%; trading volume reached 29,976 shares, above the 50-day average of 20,239.
Despite Thursday's gain, UltraTech remained 7.32% below its 52-week high of 13,104 rupees reached on 10 February.
With rivals stumbling and costs rising, can UltraTech's record profits defy the cement industry's looming downturn?
As UltraTech builds its empire, could a price-fixing probe shatter its dominance in India's cement market?