HeidelbergCement India hits 52-week high; stock gains 25% post Q3 results

The stock hit a 52-week high of Rs 178, up 4%, surpassed its previous high of Rs 175 recorded on September 11, 2018 on the BSE in intra-day trade.

Shares of HeidelbergCement India hit a 52-week high of Rs 178 apiece, up 4 per cent on the BSE, on back of heavy volumes. The stock surpassed its previous high of Rs 175 recorded on September 11, 2018, on the BSE in the intra-day trade.

Since February 11, 2019, HeidelbergCement India has outperformed the market by surging 25 per cent after it reported strong earnings for the quarter ended December 2018 (Q3FY19). In comparison, the S&P BSE Sensex was up 1.1 per cent during the same period.

The company reported 84 per cent year-on-year (YoY) growth in net