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Star Cement soars 11%, nears 52-week high on heavy volumes

The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said

A Kolkata-registered company, SMPL owns limestone reserves, a key cement input, in Madhya Pradesh and is planning to come up with a cement unit there
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SI Reporter Mumbai
Shares of Star Cement (SCL) soared 11 per cent to Rs 119.95 on the BSE in Thursday’s intra-day trade amid back of heavy volumes. The stock of cement & cement products company inched towards its 52-week high level of Rs 124.10, touched on December 12, 2022.

At 02:08 pm; SCL was trading 5 per cent higher at Rs 113.70 on the back of a multiple-fold jump in its average trading volumes. A combined 3.21 million shares, representing 0.79 per cent equity of SCL, changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.01

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First Published: Mar 23 2023 | 2:33 PM IST

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