UltraTech Cement recovers after 6-day 8.3% slide

Meanwhile, the BSE Sensex was up 17.52 points or 0.09% at 19,923.93.

On BSE, 7,509 shares were traded in the counter as against average daily volume of 12,016 shares in the past one quarter.

The stock hit a high of Rs 1,906.80 and a low of Rs 1,845.95 so far during the day. The stock had hit a record high of Rs 2074.80 on 12 October 2012. The stock had hit a 52-week low of Rs 1,093.75 on 18 January 2012.

The stock had underperformed the market over the past one month till 14 January 2013, sliding 6.37% compared with the Sensex's 3.05% rise. The scrip had also underperformed the market in past one quarter, declining 8.76% as against Sensex's 6.59% surge.

The large-cap cement maker has equity capital of Rs 274.17 crore. Face value per share is Rs 10.

Shares of UltraTech Cement had declined 8.37% in six trading sessions to settle at 1865.65 on Monday, 14 January 2013, from a recent high of Rs 2036.10 on 4 January 2013.

UltraTech Cement's net profit jumped 97.2% to Rs 550.03 crore on 20.3% growth in net sales to Rs 4699.57 crore in Q2 September 2012 over Q2 September 2011. The company unveils Q3 December 2012 results on 19 January 2013.

UltraTech Cement is the largest manufacturer of white cement in India. The company 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.

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