UltraTech Cement drops after 4-day 5.9% rally

Meanwhile, the S&P BSE Sensex was up 27.27 points or 0.14% at 19,966.31.

On BSE, 3,438 shares were traded in the counter as against average daily volume of 27,261 shares in the past one quarter.

The stock hit a high of Rs 2,019 and a low of Rs 1,971.25 so far during the day. The stock had hit a 52-week low of Rs 1,345 on 15 May 2012. The stock had hit a record high of Rs 2,074.80 on 12 October 2012.

The stock had outperformed the market over the past one month till 9 May 2013, surging 11.43% compared with the Sensex's 9.4% rally. The scrip had also outperformed the market in past one quarter, jumping 6.07% as against Sensex's 2.33% rise.

The large-cap cement maker has equity capital of Rs 274.18 crore. Face value per share is Rs 10.

Shares of UltraTech Cement had surged 5.98% in four trading sessions to settle at Rs 1,998.35 on Thursday, 9 May 2013, from a recent low of Rs 1,885.55 on 3 May 2013.

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.

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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