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Updated · MarketWatch · May 11UltraTech Cement shares edge down in weak market session
3 articles · Updated · MarketWatch · May 11Summary
- The stock fell 0.74% to 11,859.65 rupees as the BSE Sensex dropped 1.70% to 76,015.28 on Monday.
- UltraTech still outperformed peers, with Prism Johnson down 3.20%, ACC losing 2.44% and KCP sliding 4.99%.
- It closed 9.50% below its 52-week high of 13,104 rupees reached on 10 February, while trading volume rose to 37,257 from a 50-day average of 20,916.
Insights
With AI eroding traditional revenue, can HCL's new strategy deliver promised growth and reverse its stock's recent decline? As AI threatens IT jobs, how will HCL's pivot to 'Agentic AI' create new market value and redefine its future?