Thursday, 11 July 2013

UltraTech Cement gains after commissioning clinkerisation plant in Karnataka

UltraTech Cement rose 1.43% at Rs 1,980 12:33 IST on BSE after the company said it has commissioned its clinkerisation plant of 3.3 million tonnes per annum at Malkhed in Karnataka.

The announcement was made after market hours on Wednesday, 10 July 2013

On BSE, 3,437 shares were traded in the counter as against average daily volume of 30,833 shares in the past one quarter.

The stock hit a high of Rs 1,990 and a low of Rs 1,962 so far during the day. The stock had hit a record high of Rs 2,074.80 on 12 October 2012. The stock had hit a 52-week low of Rs 1,538 on 10 July 2012.

The stock had outperformed the market over the past one month till 10 July 2013, rising 3.28% compared with the Sensex's 0.76% fall. The scrip had also outperformed the market in past one quarter, surging 9.22% as against Sensex's 4.78% gain. The large-cap cement maker has equity capital of Rs 274.19 crore. Face value per share is Rs 10.

UltraTech Cement's net profit declined 16.3% to Rs 726.20 crore on 1% growth in net sales to Rs 5389.21 crore in Q4 March 2013 over Q4 March 2012.

About UltraTech Cement:
UltraTech Cement manufactures and markets ordinary portland cement, portland slag cement and portland pozzalana cement, ready mix concrete (RMC), white cement, building products and offers building solutions. UltraTech has plants spanning India, UAE, Bahrain, Bangladesh and Sri Lanka. The company is the largest manufacturer of white cement in India.

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