Cement News

UltraTech Cement falls Wednesday, underperforms market

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Shares of UltraTech Cement Ltd.
532538,
-0.83%
inched down 0.83% to 7,047.25 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P BSE Sensex Index
1,
-0.03%
falling 0.03% to 60,910.28.

UltraTech Cement Ltd. closed 900.65 rupees short of its 52-week high (7,947.90 rupees), which the company reached on January 17.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Gujarat Sidhee Cement Ltd.
GSCLCEMENT,
+0.41%
rose 0.41% to 36.90 rupees and Prism Johnson Ltd.
PRSMJOHNSN,
-1.50%
fell 1.50% to 101.50 rupees.

Trading volume (21,593) eclipsed its 50-day average volume of 17,924.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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