Cement News

UltraTech Cement outperforms market despite losses on the day


Shares of UltraTech Cement Ltd.
532538,
-0.40%
inched down 0.40% to 6,982.65 Indian rupees Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P BSE Sensex Index
1,
-0.75%
falling 0.75% to 59,900.37.

UltraTech Cement Ltd. closed 965.25 rupees short of its 52-week high (7,947.90 rupees), which the company achieved on January 17.

Despite its losses, the stock outperformed some of its competitors Friday, as Gujarat Sidhee Cement Ltd.
GSCLCEMENT,
-1.05%
fell 1.05% to 37.85 rupees and Prism Johnson Ltd.
PRSMJOHNSN,
-3.55%
fell 3.55% to 105.90 rupees.

Trading volume (4,279) remained 9,814 below its 50-day average volume of 14,093.


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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