UltraTech Cement advances after reporting Q2 results

UltraTech Cement rose 0.3% to Rs 2.964 at 14:30 IST on BSE after consolidated net profit rose 3.14% to Rs 427 crore on 4.02% rise in net sales to Rs 5951 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 19 October 2015.

Meanwhile, the S&P BSE Sensex was up 131.83 points or 0.48% at 27,346.43.

On BSE, so far 39,882 shares were traded in the counter as against average daily volume of 17,630 shares in the past one quarter.

The stock hit a high of Rs 2,995 and a low of Rs 2,886.05 so far during the day. The stock had hit a record high of Rs 3,399 on 4 March 2015. The stock had hit a 52-week low of Rs 2,299.55 on 16 October 2014.

The stock had underperformed the market over the past one month till 16 October 2015, rising 0.5% compared with 4.82% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 6.89% as against Sensex's 4.33% decline.

The large-cap cement company has equity capital of Rs 274.42 crore. Face value per share is Rs 10.

UltraTech Cement is a part of the Aditya Birla Group, and is a leading cement manufacturer in India.

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